Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia and Malta will Review the Double Taxation Treaty
14.09.2020 11:24
Russia and Malta will Review the Double Taxation Treaty

Russia will revise the Convention for the avoidance of double taxation with Malta. The government approved the draft protocol for the amendments, according to the White House website. This applies to a tax increase of up to 15% on dividends and interest.

      The revision of the agreements began as part of the instructions of Russian President, the government noted. In March, during his address, he noted that companies pay with the help of offshore companies at rates lower than personal income tax. For some companies, exceptions will apply, for them a preferential regime with a 5% rate will be established.

      Earlier, Russia signed a similar protocol with Cyprus. Ratification should take place by the end of 2020, the provisions of the protocol will begin to apply from January 1, 2021. According to the Ministry of Finance, the annual additional revenues to the Russian budget will amount to up to 150 billion rubles. Similar protocols are planned to be signed with Luxembourg and the Netherlands.

Author: Anna Dorozhkina

Tags: Russia International Russian laws    

Next Previous

You might also find interesting:

Russia Appealed the Decision of the Hague Court to Pay $ 57 Billion to Yukos Shareholders
G20 Energy Ministers will Meet on April 10
Germany Opposed the Resumption of the G8 with Russia
Russia is Ahead of Other Countries in the Number of Women Leaders
Ural Airlines will Carry out Flights Returning Russian Tourists from India to Yekaterinburg

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian scientists  Russian business  Peterhof  Russian Museum  Department of Education of Moscow  New Year holidays  Russian Internet  Mercedes-Benz Fashion Week Russia  animation  St. Petersburg  Spartak Moscow  Yevgeny Roizman  Mikhail Chemiakin  Sberbank  Vladimir Zeldin  Stolby Reserve  Roman Viktjuk  Russian regions  Moscow Philharmonic Hall  Russian Cinema  incident  skiing in Russia  Quest  Russian holidays  Pskov  Bolshoi Theatre  Discoveries  Russian sports  Innovations  Exhibitions in Moscow  Exhibitions of St. Petersburg  Festivals in Moscow  Book Tickets for Ballet  Russian companies  Boris Grebenshchikov  New Films  Kantemir  Lastochka Train  travel to Russia  Locomotives  Moscow sightseeing  Kanash  ISS  Oympic  Russian tourism  transfer to Samara airport  Space Exploration  Kremlin  Moscow  Sports 

Travel Blogs
Top Traveling Sites