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Russia: Reminder of 31 May deadline, CRS reporting for 2020

Russia: Reminder of 31 May deadline, CRS reporting

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.


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The update states that three electronic documents need to be submitted in 2020, including:

  • New report for 2017 or notification of the exclusion of pre-existing entity contracts (accounts) with a balance (value) less than U.S. $250,000 for 2017 (if not previously submitted)
  • New report for 2018
  • New report for 2019

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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