The Russian government will review tax agreements with Hong Kong and Switzerland.

17.08.2020

The Russian government is studying tax agreements with all countries and may send proposals for revision to Switzerland and Hong Kong.


Recently an agreement with Cyprus on amendments to the document on the avoidance of double taxation was reached.


The same work is being done with Malta, the Netherlands and Luxembourg, as well as Switzerland and Hong Kong.


In March Vladimir Putin announced plans to raise rates for capital withdrawal abroad. Also, he instructed the government to adjust the agreements on the avoidance of double taxation with countries where the income of Russians is withdrawn. He said that Moscow would unilaterally withdraw from such agreements with the states that are not going to raise taxes on dividends.

 

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