The Russian Federal Tax Service is in the process of completing a draft order that will update the list of jurisdictions lacking sufficient tax information exchange with Russia. This new list will supersede the Order No. ED-7-17/914 @ of 1 December 2023.

The controlling parties of a foreign organisation can be physical or legal entities recognised as tax residents of the Russian Federation, which either hold a specified share in the foreign organisation or exercise control over the foreign organisation.

The list is relevant for the tax exemption on controlled foreign company (CFC) profits, which is not applicable if a CFC is situated in a listed jurisdiction. The revised list is said to remove Jamaica and add Australia, Liechtenstein, Monaco, New Zealand, and Japan, and all EU Member States.

List of jurisdictions without adequate information exchange for CFC purposes

Australia, Afghanistan, Angola, Anguilla, Bahamas, Bangladesh, Benin, Bolivia, Bosnia and Herzegovina, Brunei, Burkina Faso, Burundi, Bhutan, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Comoros, Comoros: Anjouan Island, Democratic Republic of the Congo, Djibouti, Dominica, Dominican Republic, El Salvador, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Fiji, Gabon, Gambia, Greenland, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iraq, Isle of Man and the Channel Islands (Guernsey, Jersey, Sark, Alderney), Ivory Coast , Jordan, Kenya, Kiribati, Liechtenstein, Laos, Lesotho, Liberia, Monaco, Madagascar, Malawi, Malaysia: Labuan Island, Marshall Islands, Mauritania, Micronesia, Montserrat, Mozambique, Myanmar, New Zealand, Nauru, Nepal, Nicaragua, Niger, Niue, Palau, Palestine, Papua New Guinea, Paraguay, Puerto Rico, Republic of the Congo, Rwanda, Saint Vincent and the Grenadines, Samoa, Sao Tome and Principe, Senegal, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Sudan, Sudan, Suriname, Switzerland, Taiwan, Tanzania, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turks and Caicos Islands, Tuvalu, US Virgin Islands, Ukraine, UK, US, Yemen, Zambia, and Zimbabwe, Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.