Until the end of 2024, the contract must ratify.
Today, the Ministry of Finance of Russia announced the signing of an agreement between Russia and Malaysia about eliminating double taxation and preventing income tax evasion, the correspondent of The Moscow Post reports.
The document must be ratified before the end of the current year so that its provisions enter into force on January 1 of next year.
The agreement is based on standard approaches to international tax agreements and establishes the tax rates on dividends, interest and royalties.
The dividend tax rate is 10% with 25% of participation in capital and 15% in other cases, and the rate of interest on interest and royalties is 10%.
For governments and state companies, exceptions to dividends and interest taxes are provided.
Deputy Minister of Finance Alexei Sazanov noted that last year a similar agreement was signed with Oman.
The Russian Federation will continue to work on the expansion of the network of international tax agreements with different states.
