Hong Kong included Russia in the list of partners for automatic information exchange

The list of countries was updated on the official website of the Inland Revenue Department of Hong Kong, according to which the process of automatic exchange of information will start next year (in 2018)

Russia was added into this list, thus Hong Kong and Russia will conclude bilateral agreement on automatic information exchange. The process takes place strictly within the framework of the Agreement of the competent authorities regarding automatic exchange of information concerning financial accounts. The corresponding document was signed on May 12, 2016.