Russia and Hong Kong signed double tax treaty

AO UniCredit Bank
Fri, 29/01/2016

A DTT agreement with Hong Kong should make investments in Russian assets more attractive for Asian investors.                                         
                                                                                                                        
Russia and the Hong Kong Special Administrative Region of the People's Republic of China signed an agreement on the avoidance of double taxation and the prevention of fiscal evasion regarding taxes on profits.

The agreement will solve the existing problems of the taxation of business profits, earnings from using property, maritime and air transport, passive incomes (dividends, interest and royalties) as well as personal incomes.

In accordance with the DTT agreement, profit tax will be decreased to 0% for the source, while tax on dividends will stand at the 5% level.

Contact:
Yuliya Shibukova
Relationship Manager
Global Securities Services Russia
Yuliya.Shibukova@unicredit.ru