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

Russia Ratified Tax Agreement with Cyprus
22.12.2020 18:40
Russia Ratified Tax Agreement with Cyprus
(Source: https://pixabay.com/ru/photos/-----491626)

The State Duma at a plenary meeting ratified tax agreement with Cyprus. The tax on dividends and interest increases to 15%. Russia and Cyprus signed a protocol on amendments to the intergovernmental agreement on the avoidance of double taxation on September 8. The base tax rate for the payment of dividends and interest by Russian companies to Cyprus is increased to 15%, but there is also a preferential regime that sets the tax rate at no more than 5%. Exceptions may apply “for institutional investments, as well as for public companies with at least 15% of shares in free float and holding at least 15% of the capital of the company paying the specified income during the year”.

      There is no progress in negotiations with the Netherlands on revising the tax agreement yet. The Russian government earlier in December approved the ratification of the protocol amending the tax agreement with Luxembourg. The protocol to raise the rate to 15% was signed in Moscow on November 6.




Author: Anna Dorozhkina

Tags: Russia International     

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Sergey Lavrov  Russian opera  Nikolai Batalov  DDoS-attacks  Russian Cinema  Russian science  incident  advertising  Russian National Parks  Theology  Moscow  Judaica  the Republic of Tyva  Yuri Kuklachev Cats Theatre  Yakutia  Pskov  Rock Music  Kandinsky Prize  Russian biologists  Football  TNK-BP  Exhibitions in Moscow  Russian scientists  St. Petersburg  Elections 2012  Alexander Lenkov  Russian economy  Olympic Games 2012  Nord Stream  Boris Grebenshchikov  Pushkin Museum  Russian Poets  Russian government  Lopukhinsky garden  Jewels  Mars exploration  Mercedes-Benz Fashion Week Russia  business  Vladimir Atlantov  technology  Russian tourism  Architecture Monuments  Great Patriotic War  investment  football in Russia  Russian business  Political Poster  Vandalism  Sasha Chorny  The Romanov Family 


Travel Blogs
Top Traveling Sites