OrbitaxTreaty between Russia and the Netherlands – Russia clarifies applicability of reduced 5% withholding tax on dividends
|Treaty Development|Russia; Netherlands; Cyprus
Russia's Ministry of Finance clarified in the Letter of 19 August 2011 (N 03-08-13) the conditions for application of the 5% withholding tax for purposes of article 10 of the treaty between Russia and Netherlands.
According to article 10 of the treaty, dividend withholding tax is reduced to 5% if the beneficial owner of the dividends is a company which holds direc…
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