• Hong Kong - Russia
    Tax Treaty Enters Into Force

    10-08-2016

    On 29 July 2016, the Income Tax Treaty between Hong Kong and Russia entered into force. The Treaty generally applies from 1 January 2017 for Russia and from 1 April 2017 for Hong Kong.

    The Treaty was signed on 18 January 2016.

    In accordance with the treaty, the following withholding taxes will apply:

    • Dividends:
      • 5% if the beneficial owner of the dividend is a company (other than a partnership) which holds directly at least 15% of the capital of the company paying the dividends;
      • 10% in all other cases.
    • Interest: 0%.
    • Royalties: 3%.
    Back to News
    Related Topics:

Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.

Read more
Follow Us
Specialist writers View All
Copyright © 2012 - 2019 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us