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Updated Cyprus / Russia Double Tax Treaty - September 2020

Posted on: 2/23/2021 12:36:39 AM under General News
On 8 September 2020, Cyprus and Russia signed the protocol for the amendment of the Treaty for Avoidance of Double Taxation between the two countries. As of 1 January 2021, the withholding tax on dividends and interest paid from Russia to Cyprus will increase to 15% with certain exemptions, regarding regulated entities and certain types of interest on corporate bonds, government bonds, and Eurobonds.