Malta, Luxembourg Agree To Russian DTA Changes
by Mary Swire, Tax-News.com, Hong Kong
18 August 2020
The Russian Government has disclosed that both Luxembourg and Malta have agreed to change their double tax agreement with Russia to increase withholding tax rates on cross-border dividends and interest income.
The announcement follows the Russian Government's decision to terminate its double tax agreement with Cyprus after talks on the same collapsed.
Russian President Vladimir Putin has instructed Russian authorities to renegotiate those double tax agreements that do not enable Russia to impose withholding tax at source of 15 percent on outbound dividends and interest income.
Russia's Deputy Minister of Finance, Alexey Sazanov, was quoted widely by Russian media as stating that Luxembourg and Malta agreed in principle to the treaty amendments.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Equity Compensation in Startup - Guide »
- Governments Go Easy on Taxpayers... »
- Digital Doings... »
- UAE Onshore Trust Law: Broadening the scope of wealth preservation solutions in the region »
- FDI Sees Ireland Through Covid and Brexit, Solidifying its Reputation as a European Base for Multinational Corporations »
- Transfer Pricing Tidbits »
- Court Case Catch-Up »
- UK's Tax Agenda Topped Up »
- Trusts Act 2019: New Zealand Foreign - or 'Offshore' - Trust Changes »
- Pulling Tax Rabbits Out Of Budget Hats »