President Vladimir Putin signed a law on denunciation of an intergovernmental agreement between Russia and the Netherlands. The fact that the country ruined the Tax Agreement, TASS reports.
We are talking about the agreement between the two countries, which made it possible to avoid double taxation and prevent tax evasion regarding income and property taxes.
The question of denunciation of the agreement with the Netherlands was raised after the Russian authorities could not agree with Amsterdam on a significant change in its conditions. A key change was to increase the tax rate on the dividends and interest at the source up to 15 percent. In early May, the State Duma votes for the rupture of the agreement.
/Media reports.