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Malta and Luxembourg Agree to Increase Withholding Tax Rates under Tax Treaties with Russia — Orbitax Tax News & Alerts

Russia's Deputy Minister of Finance reportedly announced on 7 August 2020 that Luxembourg and Malta have agreed in principle to an increase in the withholding tax rates on dividends and interest to 15% under the respective tax treaties between Russia and the two countries. Earlier in the year, the Ministry was instructed by the president to review treaties providing for a withholding tax...