The new income tax treaty between Malaysia and Russia was signed on 17 May 2024. Once in force and effective, the new treaty will replace the 1987 tax treaty between Malaysia and the former Soviet Union as it applies in relations between Malaysia and Russia. Taxes Covered The treaty covers Malaysian income tax and petroleum income tax and covers Russian tax on profits of organizations and income tax on individuals. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities of the Contracting States will determine its residence for the purpose of...