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Change of Russia-Malta DTT – increase in withholding rates
News added 17.08.2020
On March 14, 2020 Russian Federation and Malta have agreed to amend the bilateral agreement for avoidance of double taxation (DTT) from 2013, and raise withholding tax rate up to 15 %. The Ministry of Finance of Russian Federation has announced that these new rates will not affect the taxation of the limited list of institutional investments. The further details and dates of such amendments are still not announced.
It is expected that following Cyprus, Malta, Luxemburg and Netherlands the formal letters requesting to amend the DTTs with Russia will be soon sent to Switzerland and Hong Kong.
