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Russia notifies Luxembourg, Malta about dividend tax increase

Changes will not affect interest gains paid on Eurobond loans, bond loans of Russian companies and loans extended by foreign banks, according to Russia's Finance Ministry

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Russia, Hong Kong sign avoidance of double taxation agreement

MOSCOW, April 13. /TASS/. The Russian Ministry of Finance has notified finance ministries of Luxembourg and Malta about amendments to double taxation avoidance agreements in respect of increasing to 15% the tax on dividends taken abroad, press service of the Russian ministry said on Monday.

"The Russian Finance Ministry sent letters to finance ministries of Luxembourg and Malta concerning introduction of amendments into bilateral double taxation agreements in respect of increasing the rate of the tax on dividend and interest gains to 15%," the press service reports.

Amendments were made as part of implementing the assignment of Russian President Vladimir Putin, who had suggested setting a higher (15%) tax on dividends withdrawn to accounts overseas, the Ministry said.

Changes will not affect interest gains paid on Eurobond loans, bond loans of Russian companies and loans extended by foreign banks. Relevant payments from Russia will be governed by the Russian fiscal law, the ministry noted.

The Russian Finance Ministry has also notified Cyprus authorities about changes to the agreement earlier.

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Israeli airstrike kills Hezbollah commander in southern Lebanon — IDF

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As election nears, more Americans plan to emigrate — report

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Russian Air Defense Forces shot down four HIMARS missiles, Hammer bomb, 42 Ukrainian UAVs

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Attempts to destroy Iran’s nuclear capacity may expand conflict — top Turkish diplomat

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Medvedev sees West waging real war on Russia in Ukraine

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Stoianoglo ahead in Moldovan election with 51.52% — CEC

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Most residents forcibly evacuated from Kupyansk — local authorities

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Russian forces liberate settlement of Vishnyovoye in Donetsk People’s Republic

BRICS to consider expanding group in 2025 — Lavrov

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Azerbaijan, Iran hold joint naval drills in Caspian Sea

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