On 8 May 2015, officials from China and Russia signed a protocol to the pending 2014 income tax treaty between the two countries. The main amendment made by the protocol is the replacement of Article 11 (Interest), which reduces the interest withholding tax rate on interest payments from 5% to 0%.
Both the pending treaty and the protocol will enter into force 30 days after the ratification instruments are exchanged, and will apply from 1 January of the year following their entry into force.
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