1 December 2020
According to an update from the OECD, Russia deposited on 26 November 2020 an updated notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) for its covered agreement (tax treaties). The updated notification includes 7 covered agreements in addition to the 27 agreements previously notified.
The notification confirming the completion of internal procedures is required because Russia has taken the reservation that for the MLI to become effective, Russia must first deposit such a notification. As such, the provisions of the MLI will generally apply for the 7 additional notified covered agreements:
For Russia's own application of the MLI in respect of other taxes, however, the MLI will apply for taxes levied with respect to taxable periods beginning on or after 1 January 2022.
The 7 additional covered agreements include Russia's tax treaties with: Cyprus, Czech Republic, Indonesia, Kazakhstan, Portugal, Saudi Arabia, and South Korea.
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