Bellerage Quarterly 2/21: Russia - Switzerland tax agreement to be amended

Russia's Ministry of Finance continues to revise Double Tax Treaties (DTT): the next one is the agreement with Switzerland.
During 2020, in accordance with the suggestions of President Putin, the DTT with Cyprus, Malta and Luxembourg were amended, while the agreement with the Netherlands was denounced.
Based on the revisions of these agreements, it is fair to assume that the right to apply the reduced withholding tax rates for payment of dividends and interests under the DTT with Switzerland will be limited.
Further negotiations between Russia and Switzerland will take place in October 2021.

For more information about the most prominent changes in Russian business legislation - read Bellerage Quarterly