Russia in talks with Netherlands on changing tax deal, could raise tax on dividend to 15%

MOSCOW (Reuters) – Russia’s Finance Ministry said on Wednesday it had proposed to the Netherlands to revise the countries’ bilateral tax agreement and raise taxes on dividends to 15%.

President Vladimir Putin proposed this year that a 15% tax on all interest and dividend payments leaving Russia be imposed starting next year to combat capital outflows.

Earlier this week the finance ministry said it would scrap an agreement with Cyprus aimed at avoiding double taxation after it said talks aimed at altering the system in line with Putin’s request had failed.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.