The Government of the Russian Federation announced the start of the revision with Cyprus

The Government of the Russian Federation announced the start of the revision with Cyprus

Following the decision of the President of the Russian Federation of December 16, 2019  on introducing the 15% tax withholding on dividends of Russian companies paid to non-residents, the government of Cyprus was sent a corresponding proposal by the Russian Federation to amend the double taxation treaty in the matter of dividend withholding rate.