AO UniCredit Bank
Summary:
The Double Taxation Treaty between Russia and Malta has been ratified.
Fri, 25/04/2014
Dear Client,
The Double Taxation Treaty (DTT) between Russia and Malta came into force on 23 April 2014. It is applicable to income derived on, or after 1 January 2015 in both countries.
The maximum withholding tax rates provided by the DTT are as follows:
- Dividends: 5%, if the beneficial owner is a company, which holds directly 25% or more of the capital of the company paying the dividends, and this holding amounts of at least EUR 100 000; 10% in all other cases;
- Interests and royalties: 5%.
Furthermore, the DTT includes provisions for the exchange of Information.
Impact on investors: DTT between Russia and Malta provides for lower withholding tax rates on dividends and interest income to eligible tax residents.