New Trends in International Tax Relations

Abstract

Russia’s anti-off shore policy is in line with the global deoffshorization trends. It is planned that interest and dividends payments from Russia to the residents of Cyprus, the Netherlands, Luxembourg, and Malta will be subject to a 15% withholding tax as of 2021. However, the higher tax rate may affect adversely the investment attractiveness of the Russian economy. In this regard, it is reasonable to maintain the current rates in the agreements for a limited list of institutional investments, leaving an exemption for the real investors.