The Russian Ministry of Finance has reportedly sent a proposal to Switzerland for the revision of the 1995 tax treaty between the two countries, with negotiations to begin in October 2021. The proposed revisions include an increase in the withholding tax rates on dividends and interest to 15%. Under the current provisions of the Russia-Switzerland treaty, interest is exempt from withholding, and a 0% withholding tax rate is provided on dividends if the beneficial owner is a pension fund and a…