After Cyprus, Malta and Luxembourg, the Ministry of Finance of the Russian Federation sent to the Netherlands proposal for revision of agreements on avoidance of double taxation to increase tax rates on dividends and interest paid from Russia to 15%. About it reports the Agency.
Earlier, the Finance Ministry launched a denunciation of a similar agreement with Cyprus after negotiations Cyprus has tried to blur the effect of the initiative for Russian Treasury various exceptions.
the Standard rate of tax on dividends paid to non-residents is 15%, of the agreement for avoidance of double taxation with many countries reduce it to 5%.
On behalf of the President of the Russian Federation, the Ministry of Finance is working to increase tax rates on dividends and interest, which are displayed on foreign accounts. The additional revenues that the budgets of different levels will receive from the revision of agreements with offshore jurisdictions, the President instructed to send payments to families with children, unemployed and temporarily disabled persons.
