UK suspends the exchange of tax information with Russia and Belarus
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 24 March, 2022
Latest from Taxmann
News, dated 23-03-2022
The Financial Secretary to the Treasury of the United Kingdom (UK), Lucy Frazer, has announced that the UK is freezing tax cooperation with Russia and Belarus. The UK is suspending all exchange of tax information with Russia and Belarus as part of the UK’s wider response to the Russian invasion of Ukraine.
The UK exchanges tax information with Russia under the Convention on Mutual Administrative Assistance in Tax Matters and Belarus under bilateral Double Tax Agreements. Tax information is exchanged as part of the collaboration to address tax compliance risks.
The Financial Secretary has stated that it is not appropriate that the UK undertake cooperation that would lead to the economic benefit of Russia or Belarus, who have aided and abetted Russia.
Click Here To Read The Full News
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
