Russia and Cyprus: Tax Agreement on New Terms

August 14, 2020

We remind you that on August 3, the Ministry of Finance announced that Russia and Cyprus failed to reach an agreement on changes to the agreement on the avoidance of double taxation (DTT), and the procedure for denouncing the agreement began.

However, on August 10, as part of the negotiations, Cyprus agreed to new conditions that provide for withholding tax at the sources of payment at the rate of 15% for dividends and interest paid from the Russian Federation.

The Protocol should be signed in September 2020 and enter into force on January 1, 2021.

rss
LAST NEWS
Most Read News

January 24, 2020

Professional Tax – new tax for Cyprus companies

At the end of 2019 Cyprus municipalities introduced a new tax for Cyprus companies called Professional Tax.

July 10, 2020

Cyprus: Since 1 of July Contributions to the GESY Fund Have Increased

From March 1, 2020, contributions to the Fund of the state health insurance system of Cyprus GESY were supposed to grow as part of the second stage of the reform of this system.

January 24, 2020

Professional Tax – Π½ΠΎΠ²Ρ‹ΠΉ Π½Π°Π»ΠΎΠ³ для кипрских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ

Π’ ΠΊΠΎΠ½Ρ†Π΅ 2019 Π³ΠΎΠ΄Π° кипрскиС ΠΌΡƒΠ½ΠΈΡ†ΠΈΠΏΠ°Π»ΠΈΡ‚Π΅Ρ‚Ρ‹ Π²Π²Π΅Π»ΠΈ Π½ΠΎΠ²Ρ‹ΠΉ Π½Π°Π»ΠΎΠ³ для кипрских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ - Professional Tax.

December 03, 2019

Happy Lawyer’s Day!

December 3 is the lawyer's day in Russia. Congratulations to our colleagues on their professional holiday!

August 06, 2020

CypRus: ΠΏΠΎΡ€Π° Π»ΠΈ ΠΌΠ΅Π½ΡΡ‚ΡŒ Π·Π°Π³Π»Π°Π²Π½ΡƒΡŽ R Π½Π° ΡΡ‚Ρ€ΠΎΡ‡Π½ΡƒΡŽ

Π’ настоящСС врСмя Российской Π€Π΅Π΄Π΅Ρ€Π°Ρ†ΠΈΠΈ ΠΈ РСспублики ΠšΠΈΠΏΡ€ Π½Π΅ удаСтся Π΄ΠΎΡΡ‚ΠΈΡ‡ΡŒ согласия, ΠœΠΈΠ½Ρ„ΠΈΠ½ΠΎΠΌ Π Π€ Π·Π°ΠΏΡƒΡ‰Π΅Π½Π° ΠΏΡ€ΠΎΡ†Π΅Π΄ΡƒΡ€Π° дСнонсации соглашСния ΠΎΠ± ΠΈΠ·Π±Π΅ΠΆΠ°Π½ΠΈΠΈ Π΄Π²ΠΎΠΉΠ½ΠΎΠ³ΠΎ налогооблоТСния. Π’ Ρ€Π΅Π·ΡƒΠ»ΡŒΡ‚Π°Ρ‚Π΅ этой ΠΏΡ€ΠΎΡ†Π΅Π΄ΡƒΡ€Ρ‹ соглашСниС ΠΌΠ΅ΠΆΠ΄Ρƒ странами Π±ΡƒΠ΄Π΅Ρ‚ расторгнуто.

May 18, 2020

CRS and FATCA: extension of reporting deadlines

In 2020, the deadlines for submitting financial statements in accordance with CRS and FATCA standards has changed.

November 30, 2022

Π“ΠΎΠ½ΠΊΠΎΠ½Π³: порядок налогооблоТСния пассивных Π΄ΠΎΡ…ΠΎΠ΄ΠΎΠ², ΠΏΠΎΠ»ΡƒΡ‡Π΅Π½Π½Ρ‹Ρ… ΠΎΡ‚ иностранных источников

Условия освобоТдСния ΠΎΡ‚ налогооблоТСния ΠΏΡ€ΠΈΠ±Ρ‹Π»ΠΈ ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ Π±Ρ‹Π»ΠΈ Π΄ΠΎΠΏΠΎΠ»Π½Π΅Π½Ρ‹ трСбованиями ΠΎ Π½Π°Π»ΠΈΡ‡ΠΈΠ΅ экономичСского присутствия Π² ΠΎΡ‚Π½ΠΎΡˆΠ΅Π½ΠΈΠΈ ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ ΠΎΡ‚Π²Π΅Ρ‡Π°ΡŽΡ‰ΠΈΠΌ ΡƒΠΊΠ°Π·Π°Π½Π½Ρ‹ΠΌ Π² Π·Π°ΠΊΠΎΠ½Π΅ критСриям. Π£ΠΊΠ°Π·Π°Π½Π½Ρ‹Π΅ измСнСния коснутся ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ-ΠΏΠΎΠ»ΡƒΡ‡Π°Ρ‚Π΅Π»Π΅ΠΉ пассивных Π΄ΠΎΡ…ΠΎΠ΄ΠΎΠ², ΠΊΠΎΡ‚ΠΎΡ€Ρ‹Π΅ ΡΠ²Π»ΡΡŽΡ‚ΡΡ Ρ‡Π°ΡΡ‚ΡŒΡŽ ΠΌΠ΅ΠΆΠ΄ΡƒΠ½Π°Ρ€ΠΎΠ΄Π½ΠΎΠΉ [...]

October 27, 2021

«Русгидро» Π½Π΅ смогла ΠΎΡ‚Π΄Π°Ρ‚ΡŒ ΠΈΠΌΠΏΠΎΡ€Ρ‚ΠΎΠ·Π°ΠΌΠ΅Ρ‰Π΅Π½ΠΈΠ΅ ПО кипрскому ΠΎΡ„ΡˆΠΎΡ€Ρƒ. Новый ΠΏΡ€Π΅Ρ‚Π΅Π½Π΄Π΅Π½Ρ‚ β€” российская компания Β«Π² кризисном финансовом состоянии» CNews.ru

Государственная компания «Русгидро» будет вынm [...]