A LOWTAX NETWORK INTERNATIONAL BUSINESS SMART TOOL
HOME ABOUT ONLINE GIG TOOL JURISDICTION INFORMATION PROVIDERS ARTICLES & FEATURES

Netherlands, Russia At Loggerheads Over DTA Revision

Ulrika Lomas, Tax-News.com, Brussels

22 December, 2020

Russia's Ministry of Finance has said it is prepared to terminate the Dutch tax agreement if ongoing negotiations fail.

The Ministry said it has held several rounds of negotiations with representatives from the Netherlands but neither side has been able to agree to changes. Russia wishes to raise the rate of withholding tax on dividends and interest income derived from Russia to 15 percent.

Russia has previously agreed equal amendments to its tax treaties with Cyprus, Luxembourg, and Malta. These terms were offered to the Netherlands, the Ministry said. Revisions put forward by Dutch negotiators were rejected, it said.

TAGS: Russia | Finance | tax | Malta | Netherlands | interest | Luxembourg | transfer pricing | withholding tax | Cyprus | dividends | BEPS |

 

 

SHARE

Share on FacebookTwitter
linkedin share buttonstumbleDeliciousEmail

FOLLOW

FacebookTwitterGoogle+LinkedInTechnorati

Important Notice: Wolters Kluwer (BSI) Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

All rights reserved. © Wolters Kluwer (BSI) Limited