The State Duma suspended certain provisions of tax agreements with 38 countries
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The State Duma voted to suspend certain provisions of international treaties between Russia and foreign states in the field of taxation. In particular, the rules for taxation of dividends, income from the sale of movable and immovable property, income from copyrights and licenses are suspended. Total law affects treaties with 38 countries.
The explanatory note states that the need to suspend a number of provisions of international treaties is caused by “changed conditions of economic activity” due to sanctions and “pressure on the Russian economy from unfriendly countries.” Among them are the USA, Canada, Great Britain, Germany, France, Poland, Italy, Spain, Czech Republic, Switzerland, Lithuania, Denmark, Norway, South Korea and Japan.
Russia’s obligations under the general provisions of treaties on the elimination of double taxation remain in force. Income is still taxed in only one of the states: either the country of tax residence of the recipient of the income or the country of the source of payment. The privileges of diplomatic employees and the possibility of exchanging information between tax authorities about taxpayers, income received and taxes paid in order to prevent tax evasion are also preserved.
The news is being updated.
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