On May 19, the Russian parliament finally approved the decision to denounce the Agreement on the avoidance of double taxation between the Netherlands and the Russian Federation (hereinafter referred to as the Agreement), which is now awaiting the president's signature. If the Russian side sends a notice of denunciation of the agreement by June 30, 2021, its effect will cease from January 1, 2022, the document says.
On the one hand, the expected termination of the Agreement is not the best news and another step towards the deterioration of the investment climate in the Russian Federation. On the other hand, the changes will hardly affect the overwhelming number of Russians living in the Netherlands, while business will continue to have adequate ways to control the tax burden. In particular, the Dutch national legislation itself allows in some cases to avoid double taxation even without the existence of agreements on the avoidance of double taxation.
In our new article, we will look at the main consequences of the denunciation of the Agreement:
https://www.nalog.nl/baza-znanij/chastnym-licam/denonsaciya-nalogovogo-soglasheniya-s-rf-posledstviya/
Publication Date: 20.05.2021