• Hong Kong - Russia
    Tax Treaty Signed

    20-01-2016

    On 18 January 2016, Hong Kong and Russia signed an Income Tax Treaty.

    The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect in Hong Kong from 1 April and in Russia from 1 January, of the calendar year next following that in which the agreement enters into force.

    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%.
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