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Russia: Updated list of financial market organizations for CRS purposes

Russia: Updated list of financial market organizations

The Russian Federation’s tax authority updated a list of organizations that may be classified as “financial market organizations” for common reporting standard (CRS) purposes.


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The list was updated to include (1) an insurer that carries out insurance activities apart from voluntary life insurance activities and (2) a reinsurance organization.

The communication protocol between the tax authority and the financial market organizations has also been updated.

Read a September 2020 report [PDF 88 KB] prepared by KPMG LLP

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