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:

Russian Party has Agreed to Open the Austrian Consulate General in St. Petersburg
The State Duma Allowed the Government to Issue State Loans to Other Countries Outside the Plan
Politico Spoke about the Options for Germany's Abandonment of Nord Stream 2
TASS: the Ministry of Internal Affairs has Extended the Check in Connection with the Hospitalization of Navalny
US Wants to Establish a Line of Communication on Space Issues with Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Nizhny Novgorod Region  Russian Cinema  Journalism   Monuments  contemporary art  Karachay-Cherkessia  Encephalitis  watches  poll  obituary  Film Festivals  Russian business  Mercedes-Benz Fashion Week Russia  Rusian Culture  Archeological Finds  St. Petersburg  Pyaterochka   New Year  Exhibitions in Moscow  Silver Patination  Smoking in Russia  Russian Meteorological Center   Christmas markets  Nizhny Novgorod  Bakhrushin Central Theatre Museum  Moscow  Museon  Russian regions  Transport Navigation  Andrey Baskakov  travel to Russia  Russian exhibitions  Kungur Ice Cave  Books  ENEA  Educational Tourism  anniversary  Russian transport  Russian tourism  Maria Sharapova  Ulyanovsk Oblast  Muzeon Park  Navalny  Theater Festivals  Festivals in Moscow  Year of Cinema  economic crisis  Russian models  Telegram  Kirill Serebrennikov 

Travel Blogs
Top Traveling Sites