The Russian Federation’s tax authority issued a reminder for financial institutions that common reporting standard (CRS) reports for the 2017, 2018, and 2019 reporting periods must be submitted by 31 May 2020.
The update states that three electronic documents need to be submitted in 2020, including:
Additionally, financial institutions are required to share a “nil report” for each of the three periods when there is no reportable information.
Read a March 2020 report [PDF 83 KB] prepared by KPMG LLP
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