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Corporate Tax

18 September 2020
Valery Narezhniy Russia revises double tax avoidance agreements with numerous countries

Russia - Gorodissky & Partners

In 2020 Russia launched an intensive process of revising its bilateral tax agreements with numerous jurisdictions. According to the Cyprus minister of finance and the Russian Ministry of Finance, significant amendments to the double tax avoidance agreement between Russia and Cyprus were agreed in August 2020. The most important amendment is the increase in the tax rate levied on the payment of dividends and borrowed money.

Author: Valery Narezhniy
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