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Russia partially suspends tax agreements with unfriendly countries. The 38 states that are covered by the law developed by the Ministry of Foreign Affairs and the Ministry of Finance include the USA, Canada, Japan, and the EU countries, Izvestia reports.
The document, partially suspending double tax treaties with these countries, was approved by the government commission on legislative activities. It is noted that Russia was forced to develop this law by sanctions imposed by unfriendly countries and attempts to put pressure on the Russian economy.
According to Izvestia, the bill is planned to be submitted to the State Duma before the end of January next year. In August, Russian President Vladimir Putin signed a decree suspending certain provisions of Russia's tax treaties with unfriendly countries.
The Ministry of Finance noted that since August, 8, the relevant provisions of agreements with a number of countries have been suspended. The new document indicates the suspension of preferential tax rates when paying various types of income from Russia (dividends, royalties, income from the sale of property, etc.) to residents of unfriendly countries.
Russia is also suspending preferential criteria for permanent missions of foreign companies in the country.
Russkiy Mir
