14 May 2012

Russia and CIS news: Ratification of the protocol to the Russia-Cyprus double tax treaty


After a long while, on 15 February 2012 the Russian State Duma finally ratified the protocol to the Cyprus-Russia double tax treaty. The protocol will generally apply from 1 January 2013. Among other changes, the protocol updates articles on information exchange and assistance in tax collection and adds a limitation of benefits article. Provisions concerning capital gains on real estate rich assets will come into effect from 2017 only.

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