Ministry of Finance will start negotiations on revising tax agreement with Switzerland

MOSCOW, 17 Feb – RIA Novosti. The RF Ministry of Finance may start negotiations on revising the tax agreement with Switzerland, said Deputy Finance Minister Alexei Sazanov.

In March 2020, Russian President Vladimir Putin ordered a tax of 15% on income in the form of dividends and interest transferred to accounts abroad. This requires adjusting agreements with other countries to avoid double taxation. The President warned that Russia would unilaterally withdraw from such agreements with countries that would not accept its proposals.

“Changes have already been made – Luxembourg, Cyprus, Malta, we are also now negotiating with the Dutch and, perhaps, we will begin negotiations with Switzerland,” Sazanov said in the State Duma.

Author: wedocount

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