Executive summaryOn 12 April 2021, the Russian Government approved a legislative initiative to denounce the Russia – Netherlands tax treaty and submitted a bill to this effect to the State Duma, the lower chamber of the Russian Parliament. The consideration of the bill by the State Duma is scheduled for 12 May 2021.The termination of the double tax treaty between Russia and the Netherlands will cause Russian withholding tax rates to increase to 15% for dividends and 20% for interest and royalties. Gains from the sale of shares in property-owning private Russian companies will become taxable in Russia. Dividends paid...