DTT with Malta

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.