The State Duma of the Federal Assembly of the Russian Federation has ratified agreement signed in Abu Dhabi on December 7, 2011 between the Russian Federation and the United Arab Emirates for the avoidance of double taxation of investments of both states and their financial and investment organizations.
The agreement applies to the Russian profits tax as well as the UAE corporation and profits tax, namely, provincial profits tax levied in each emirate. The purpose of the agreement is the avoidance of double taxation with respect to investments, loans and real property holding.
Under the agreement, income from real property should be taxed in the state in which this property is located. In the state of real property the income from alienation of property, gains on shares and other profits more than 50% of value of which is directly or indirectly connected with real property is also taxed.
The agreement also provides that dividends paid by a company which is a resident of a сontracting state in favor of another state (or its financial institutions) shall be taxed only in that state. Interest arising in one of the states and paid to another state shall be exempt from taxation in the first state.
84, Spyrou Kyprianou,
2nd floor, Limassol 4004
Cyprus
tel +357 25 731-042
11 Solzhenitsyna Street
Moscow 109004 Russia
tel +7 495 956-1727
fax +7 495 234-0735
15 Kreshchatik Street, office 149
Kyiv 01001 Ukraine
tel +38 044 237-2222
fax +38 044 278-6714
52 Angliyskaya Emb., office 28
St.Petersburg 190000 Russia
tel +7 812 570-1564
fax +7 812 325-723
More contact details and office maps can be found in the section Contacts
© 2015 DS Express Ltd All rights reserved