Anton Kabakov commented to RBC on the situation around the changes to double taxation treaties

Not so long ago, the Russian Ministry of Finance sent letters to Cyprus, Malta, and Luxembourg, proposing to review the terms of the double taxation treaties (DTT) that Russia has signed with these countries. Replies have yet to be received, and in the meantime RBC Pro and Anton Kabakov, partner at Forte Tax & Law, have attempted to figure out how the answers might affect business.

“After Cyprus, Malta, Luxembourg and Singapore, other countries to which Russian money is flowing but from where, according to the government, no real investments are received, should get the same letter next. In keeping with this logic, I would not rule out Hong Kong and the Netherlands to be next although real investments can come from these countries,” comments Anton.

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