Tax Agreements with Argentina, Latvia and Switzerland ratified by the Russian President

On October 3, 2012 the President of the Russian Federation Vladimir Putin signed the federal laws ratifying the Tax Agreements with Argentina, Latvia and Switzerland.

All the Agreements are based on the internationally recognized standards of tax transparency and include Exchange of Information provision. The Protocol with Switzerland improves some aspects of cross-border taxation.

The Tax Treaty with Latvia together with the amendments of the Latvian tax law provisions for holdings taking effect from January 1, 2013 could turn Latvia into the real competitor to the recognized European holding jurisdiction for the Russian business.