Tag Archives: DTT

Will the new tax regime for the capital gains arising from sale of Russian property be actually postponed under the DTT with Cyprus?

On December 29, 2016 the Ministry of Finance of the Republic of Cyprus on its official website issued an announcement that an agreement has been reached between the Russian and Cypriot authorities for postponing the application of the Protocol of October 7, 2010 amending Article 13 of the Double Tax Treaty between the Government of the Russian Federation and the Government of the Republic of Cyprus “On Avoidance of Double Taxation with respect to taxes on income and capital” dated December 5, 1998 (hereinafter – Russia-Cyprus DTT)1. In the announcement, it is also indicated that an additional Protocol is being finalized, providing for the application of the revised provisions of Article 13 of the Russia-Cyprus DTT, until similar provisions are introduced in other bilateral agreements for the Avoidance of Double Taxation between the Russian Federation and other European countries.

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Will the new tax regime for the capital gains arising from sale of Russian property be actually postponed under the DTT with Cyprus?

On December 29, 2016 the Ministry of Finance of the Republic of Cyprus on its official website issued an announcement that an agreement has been reached between the Russian and Cypriot authorities for postponing the application of the Protocol of October 7, 2010 amending Article 13 of the Double Tax Treaty between the Government of the Russian Federation and the Government of the Republic of Cyprus “On Avoidance of Double Taxation with respect to taxes on income and capital” dated December 5, 1998 (hereinafter – Russia-Cyprus DTT)1. In the announcement, it is also indicated that an additional Protocol is being finalized, providing for the application of the revised provisions of Article 13 of the Russia-Cyprus DTT, until similar provisions are introduced in other bilateral agreements for the Avoidance of Double Taxation between the Russian Federation and other European countries.

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ILN Today Post

Argentina and Mexico enter into a Double Taxation Treaty (DTT)

Argentina and Mexico have entered into a Double Taxation Treaty (DTT). Entry into force is yet pending. We estimate that the provisions of the agreement shall have effect as from fiscal year beginning on January 1st, 2018.

Some relevant provisions applicable to intercompany transactions are as follows:

1) Interests: Withholding tax may not exceed 12% (reduced from 35% Argentine withholding tax rate).

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