Putin signed law that partially cancel tax agreements with “unfriendly countries”

Russian President Vladimir Putin signed the law on the suspension of certain provisions of tax agreements with “unfriendly countries”. The document is published on the official portal of legal information.

In particular, we are talking about suspension of a number of articles of the Russian Federation with the United States on avoiding double taxation and preventing tax evasion of income and capital from 1992, the Convention between the governments of the Russian Federation and the UK to avoid double taxation of 1994, and Also tax documents with Germany, Denmark, Spain, Italy, Canada, Norway, Finland, France, the Czech Republic, Switzerland and other “unfriendly countries”.

The Russian government on March 7 approved a list of “unfriendly” countries and territories. Among them: the USA, European Union, Great Britain, South Korea, Japan, Ukraine, Switzerland and Singapore, as well as another 15 countries that impose sanctions against Russia.