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Netherlands invites Russia to review agreement on avoiding double taxation

MOSCOW, March 17, /ITAR-TASS/. Russia has received from the Netherlands a suggestion to review the agreement on avoiding double taxation, Russia’s Deputy Finance Minister Sergei Shatalov said on Monday.

Russia “for quite a time, for several years” made attempts to begin negotiations with the Netherlands to review the agreement, as “Russia was not happy about it, it required certain modernisation,” he said.

“Two weeks ago we received from the Netherlands a suggestion to organise the negotiations,” Shatalov said.

The current agreement on avoiding double taxation between Russia and the Netherlands of December 16, 1996 reads taxes on dividends are five and 15%.

In order to obtain a rate of five percent, a foreign organisation, the Netherlands’ resident, should have in the capital of a Russian company, which pays dividends to it, at least 25%, and the share should be at least 75,000 euro. In other cases, the tax of 15% is applicable.

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