The company has extensive experience in advising on the structuring of foreign holdings, taking into account the modern requirements of the BEPS, the automatic exchange of information and provisions of bilateral double taxation avoidance agreements.
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Amendments were made to the Tax Code of the Russian Federation, which established personal income tax rates for employees working remotely for Russian employers and who have lost the status of a tax resident of the Russian Federation at the level of 13% and 15%.
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On June 7, 2023, Russia and Oman signed an Agreement for the Avoidance of Double Taxation and the Prevention of Tax Evasion on Income. According to the statement of the Ministry of Finance of the Russian Federation, the ratification of the Agreement is expected to take place by the end of this year.
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These agreements may be suspended by a presidential decree. In this case, the application of reduced withholding tax rates (tax exemptions) in respect of income subject to the agreements will be suspended from the moment the relevant decree is issued.
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