In accordance with the Russian Tax Code and signed Double Tax Treaty (DTT) agreements, foreign investors should provide a Certificate of Tax Residence valid for 2014 in order to benefit from the applicable tax exemptions for income derived from sources in the Russian Federation.
The Certificate of Tax Residence must be provided in original, be valid for the calendar year of the issue (i.e. 2014) as well as be properly legalised and apostilled.
Investors need also to take into consideration that depending of the respective DTT conditions additional documents (such as Purchase and Sale Agreements), might be required to benefit from preferential tax treatment.
Impact on investors: Certificates of Tax Residence for 2014 need to be provided to ZAO UniCredit Bank by all investors seeking to apply DTT tax treatment.