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:

The New York Times Journalist was Vaccinated with the Sputnik V
11.01.2021
Russia Plans to Release 30 Million Doses of Vaccine by July
25.12.2020
OPEC + Countries are in Favor of Prolonging Oil Production Cuts
18.11.2020
EU Extends Sanctions for the Use of Chemical Weapons
12.10.2020
The US Supported the EU's Decision to Impose Sanctions against Russia in the "Navalny case"
19.10.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Banksy  Russian tourism  Culture and Art  Transport Museums  St. Petersburg gardens  Russian art  Solovki  Russian business  Laws in Russia  Russian ballet dancers  Russian airports  Impressionism  inflation in Russia  Exhibitions in Moscow  Zabaikalsk   travel to Russia  the Krasnodar Region  Vladimir Dahl  Festivals in Moscow  Khabarovsk  health  Medical Industry  St. Petersburg  Olympics 2012  Sergey Kuryokhin Award  Moscow  Vladimir Pozner  Saint Petersburg  Russian economic policy  Russian Film Distribution  Russian law  Palaces of Russia  Russian regions  Mercedes-Benz Fashion Week   Moscow events  Hats  Russian Museums   terrorism  Russian Bears  Mercedes-Benz Fashion Week Russia  Legal Services in Russia  Russian companies  Installations  Moscow Metro  Alexander Abdulov  anti-corruption campaign  Russian Cinema  Russian social networks  Moscow Easter Festival  Yury Vizbor 


Travel Blogs
Top Traveling Sites