Switzerland will suspend the exchange of tax information with Russia
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The Swiss government has decided to temporarily stop exchanging tax information with Russia. This was reported by the press service of the Federal Council of Switzerland.
The decision was made at a meeting on September 16, follows from press release. More detailed information about the decision is not yet given. When the decision will come into force is also not specified.
Switzerland and Russia have been automatically exchanging tax information since 2018. Countries communicate to each other information about tax residents who have foreign bank accounts. September 5 Finews Portal informedthat both chambers of the Swiss Parliament approved a proposal to suspend the exchange of information.
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