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Russia-Cyprus DTT to be amended

What to do and be prepared for?

What to do and be prepared for?

On 25 March 2020, Vladimir Putin, president of the Russian Federation, addressed the nation on the main measures being taken to tackle coronavirus.

In his address, the President touched upon tax issues, notably mentioning the necessity that current provisions relating to withholding taxation on dividends and interest be amended in Russia’s double tax treaties (DTT).