Russia’s Putin drops a bomb on dividend payments

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Russia’s Putin drops a bomb on dividend payments
 © In-Cyprus 2020
Russian President Vladimir Putin has shocked the business world when he announced that all interest and dividend payments leaving Russia will incur a 15% tax — up from the current 2%.

This means that all double taxation treaties, including that with Cyprus, will now have to be renegotiated.

The shocking news came this week when he addressed the nation on the coronavirus pandemic for the first time — a month after Russia announced its first case.

Putin did not rule out the possibility of Russia withdrawing from agreements unilaterally in case foreign partners do not...


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This article was automatically added to our system 27-3-2020

Russia’s Putin drops a bomb on dividend payments


The contents of this article including any associated images are © In-Cyprus 2020
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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Article Tags: russia, putin, drops, dividend, payments,