Russia Wants to Put Austria on Tax Haven List
Austria is on the preliminary list of 119 countries and territories which from the point of view of Russian authorities don’t guarantee the exchange of tax information with Russia. If the document is implemented, as planned, in form of a resolution, Russian investors in Austria will face massive tax disadvantages from January 2016 in their homeland.
On its list of countries and territories which hinder the exchange of tax information with the Russian Federation, the Russian tax authorities mention, along with many offshore territories, also EU states – Estonia, Great Britain, Austria, Malta, as well as Liechtenstein and Switzerland.
The draft of a resolution of Russian tax authority published on October 26 will be scrutinized till November 9, 2015 and is supposed to come into force on January 1, 2016.
Companies which are active in the listed countries and territories and which belong to Russians and Russian companies in more than 25 percent, face the prospect of double taxation – in Russia and the land of their activity.
