Russia has published Federal Law No 40-FZ of 28 February 2023, which provides for the termination of the 2010 income and capital tax treaty with Latvia. Russia must now give formal notice of termination. As per the terms of the treaty, this notice must be given at least 6 months before the end of the calendar year in order for the termination to apply from the beginning of the following calendar year. In other words, the treaty may be terminated from 1 January 2024 at the earliest, if the no…