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WorldPosted at: Dec 27 2020 5:37PM


Russia's Mishustin approves protocol on amendments to double tax agreement with Malta

Moscow, Dec 27 (Sputnik) Russian Prime Minister Mikhail Mishustin on Sunday approved the draft protocol on amendments to the Double Tax Agreement with Malta to be submitted to the lower chamber of the Russian parliament, the State Duma, for ratification.
"Prime Minister Mikhail Mishustin approved the protocol on amending the convention for the avoidance of double taxation, which is in force between Russia and Malta. In the near future, the draft federal law on the ratification of the protocol will be submitted to the State Duma. After the approval of the lower house of parliament, it will be reviewed by the Federation Council and approved by the president," the statement on the government website read.
It added that Russia and Malta signed the protocol on amending the Double Tax Agreement in October 2020. It envisages an increase in the withholding tax rate to 15 percent on dividends and interest.
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