President Vladimir Putin signed Decree No. 585 dated August 8, 2023, suspending certain provisions of#nbsp;double tax treaties with 38 countries.
For legal entities with foreign capital, the changes will affect:
- dividends#nbsp;— the rate under the tax code will be#nbsp;15% (in#nbsp;some agreements, this rate was preferential 5% or#nbsp;10%)
- royalties and interest#nbsp;— the rate is#nbsp;20% (the agreements usually provide for full exemption from taxation of#nbsp;royalties and interest in#nbsp;the country of#nbsp;source of#nbsp;payment)
- international transportation#nbsp;— 10% (previously not withheld at#nbsp;the source in#nbsp;the Russian Federation)