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Russia wishes to increase withholding tax rates under the DTT with the Netherlands

Cyprus, Malta and Luxembourg have already received similar letters.

Cyprus, Malta and Luxembourg have already received similar letters.

The Russian Ministry of Finance confirmed to the Russian press that it sent a letter to the Dutch Ministry of Finance proposing that revisions be made to the current Double Tax Treaty (DTT) in order to increase the withholding income tax rates on dividends and interest to 15%. Cyprus, Malta and Luxembourg have already received similar letters. The Netherlands may not be the last country to receive such a letter from the RF Ministry of Finance. Please, see the pdf print version for details.