Russia, Cyprus and Malta signed a Protocol to amend the agreements on the avoidance of double taxation in terms of increasing withholding tax on income from dividends and interest to 15% respectively. The ratification of the Protocols should take place before the end of this year, so that the provisions of the Protocols begin to apply from 1 January 2021.
The Protocols define a list of exceptions which secure the reduction of the withholding tax on income in the form of dividends and interest, setting the tax rate at no more than 5%. The changes will not affect several types of interest income, in particular on corporate bonds, which are listed on a stock exchange.
From January 2021, the relevant changes will be made to the Reference List of General Tax Rates in accordance with the agreements on the avoidance of double taxation:
* — особые льготы/special privileges
** — налоговые ограничения/ fiscal constraints
| Код страны Code of country | Страна Country |
Соглашение Double Taxation Treaty |
Тип дохода Type of income | Ставка налога по cоглашению Tax rate under agreements |
Особые льготы Special privileges |
Применяемая ставка Applicable tax rate |
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| Статья/ Article Статья Article/ Пункт/ Point |
Пункт/ Point Статья Article/ Пункт/ Point |
Подпункт или абзац Subsection or paragraph |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| CY** | Кипр/ Cyprus |
10 | 2 | Дивиденды / Dividends | 15 | 15 | ||
| CY** | Кипр/ Cyprus |
10 | 3 | 1 | Дивиденды / Dividends | 5 | * | 5 |
| CY** | Кипр/ Cyprus |
10 | 3 | 2 | Дивиденды / Dividends | 5 | * | 15 |
| CY** | Кипр/ Cyprus |
10 | 3 | 3 | Дивиденды / Dividends | 5 | * | 5 |
| CY** | Кипр/ Cyprus |
10 | 3 | 4 | Дивиденды / Dividends | 5 | * | 5 |
| CY** | Кипр/ Cyprus |
11 | 2 | Проценты/ Interest | 15 | 15 | ||
| CY** | Кипр/ Cyprus |
11 | 3 | a1 | Проценты/ Interest | - | * | - |
| CY** | Кипр/ Cyprus |
11 | 3 | a2 | Проценты/ Interest | - | * | - |
| CY** | Кипр/ Cyprus |
11 | 3 | a3 | Проценты/ Interest | - | * | - |
| CY** | Кипр/ Cyprus |
11 | 3 | a4 | Проценты/ Interest | - | * | - |
| CY** | Кипр/ Cyprus |
11 | 3 | b1 | Проценты/ Interest | - | * | - |
| CY** | Кипр/ Cyprus |
11 | 3 | b2 | Проценты/ Interest | - | * | - |
| CY** | Кипр/ Cyprus |
11 | 3 | b3 | Проценты/ Interest | - | * | - |
| CY** | Кипр/ Cyprus |
11 | 4 | Проценты/ Interest | 5 | * | 5 | |
| MT** | Мальта/ Malta |
10 | 2 | Дивиденды / Dividends | 15 | 15 | ||
| MT** | Мальта/ Malta |
10 | 3 | 1 | Дивиденды / Dividends | 5 | * | 5 |
| MT** | Мальта/ Malta |
10 | 3 | 2 | Дивиденды / Dividends | 5 | * | 15 |
| MT** | Мальта/ Malta |
10 | 3 | 3 | Дивиденды / Dividends | 5 | * | 5 |
| MT** | Мальта/ Malta |
10 | 3 | 4 | Дивиденды / Dividends | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 2 | Проценты/ Interest | 15 | 15 | ||
| MT** | Мальта/ Malta |
11 | 3 | a1 | Проценты/ Interest | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 3 | a2 | Проценты/ Interest | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 3 | a3 | Проценты/ Interest | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 3 | a4 | Проценты/ Interest | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 3 | a5 | Проценты/ Interest | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 3 | b1 | Проценты/ Interest | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 3 | b2 | Проценты/ Interest | 5 | * | 5 |
| MT** | Мальта/ Malta |
11 | 3 | b3 | Проценты/ Interest | 5 | * | 5 |
If you have any questions related to this communication, please contact your account managers at +7 495 956-27-90/91.