The draft law was developed following the implementation of the presidential and Government instructions on Russia’s joining the Organisation for Economic Cooperation and Development.
The Convention on Mutual Administrative Assistance in Tax Matters of 25 January 1988 (hereinafter referred to as the Convention) was signed during the G20 meeting in Cannes on 3 November 2011. It will contribute to the further integration of Russia into the world economy, which will require increased interaction with foreign tax administrations to coordinate actions aimed at combating tax evasion.
Countries that have signed the Convention provide mutual administrative assistance in information exchange, conducting simultaneous tax audits, tax debt recovery and taking interim measures.
Conducting simultaneous tax audits with other member-states, in particular, the participation in foreign tax and audits specified in the Convention can become a tool to increase the revenue part of the Russian budget.
The draft law contains other provisions than those stipulated by Russian legislation, in particular, concerning assistance to foreign countries in tax debt recovery. According to Article 16 of Federal Law No. 101-FZ On International Treaties of the Russian Federation of 15 July 1995, it is liable to ratification.
The Russian Federation is ratifying the Convention with reservations stipulated in Article 30 of the Convention and included in the draft law.
The draft law was considered and approved at the Government meeting on 29 May 2014.
