Russian Ministry of Foreign Affairs and the Ministry of Finance suggest to suspend double tax treaties with Europe, USA, Canada, Japan and some other countries. Double tax treaties provide lower tax rates for dividends paid to foreign shareholders from Russia.

Before the initiative is implemented, foreign companies still have the chance to get dividends from their Russian subsidiaries and apply low tax rates. The amount of dividends shall not exceed 10 million rubles (approx. EUR 120.000) a month. Dividends may be paid through a Russian bank not under sanctions.

Please contact to organize the payment of dividends from your Russian subsidiary and apply low tax rates as long as this is still possible.