The agreement establishes: the withholding tax rate on income in the form of dividends in the amount of 10% with 25% participation in capital during the year and 15% in other cases; the tax rate on interest and royalties is 10%. There are also exceptions for dividends and interest for governments and state-owned companies.
Ratification of the agreement must take place before the end of this year in order for its provisions to apply from January 01, 2025.
Document: Information from the Russian Ministry of Finance dated May 17, 2024 “Russia and Malaysia signed the Double Taxation Avoidance Agreement.”
Ratification of the agreement must take place before the end of this year in order for its provisions to apply from January 01, 2025.
Document: Information from the Russian Ministry of Finance dated May 17, 2024 “Russia and Malaysia signed the Double Taxation Avoidance Agreement.”