The Russian Federal Tax Service (FTS) has updated its list of jurisdictions for automatic exchange of country-by-country (CbC) reports, effective 31 December 2024.
The revised list comprises 45 states and 10 territories, compared to the previous list of 67 states and 8 territories.
EU countries classified as “unfriendly” were omitted from the list include Austria, Belgium, Bulgaria, Hungary, Germany, Greece, Denmark, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, France, Croatia, the Czech Republic, Sweden, and Estonia.
New additions to the list include Albania, Cameroon, the Dominican Republic, Mauritania, Papua New Guinea, Montserrat, and the Faroe Islands.
Multinational companies with over EUR 750 million in consolidated revenue are required to submit annual CbC reports unless their parent company reports in a jurisdiction on the list. If a company’s tax residency is in one of these jurisdictions, Russian subsidiaries may be asked to submit the report in compliance with local tax laws.
