Russian and Japanese government agents met in Tokyo to begin negotiations on updating their double tax agreement on 27 March 2017. The announcement which notified the beginning of talks with the Japanese Ministry of Finance did not set out what amendments had been considered. However, changes are being made to the OECD’s BEPS project and the agreement is being reconciled with the OECD’s new automatic tax information exchange standard, the Common Reporting Standard. The source tax rates can also be lowered.
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