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Russia to scrap taxation agreement with Cyprus

04.08.2020 13:44

Russia to scrap taxation agreement with Cyprus

YEREVAN, August 4. /ARKA/. Russia said on Monday it would initiate a process to scrap an agreement with Cyprus aimed at avoiding double taxation, the Russian Finance Ministry said on Monday, TASS reported.

"The Russian Finance Ministry starts the agreement denouncing procedure to fulfill the assignment of the Russian President on taxation of incomes in the form of dividends and interest paid from the territory of the Russian Federation to the Republic of Cyprus at the rate of 15%," the Ministry says.

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