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Protocol to Tax Treaty between Malta and Russia Formally Enters into Force — Orbitax Tax News & Alerts

The amending protocol to the 2013 income tax treaty between Malta and Russia formally entered into force on 23 March 2021, following the exchange of ratification instruments. The protocol, signed 1 October 2020, is the first to amend the treaty and provides for a minimum withholding tax rate of 15% on dividend and interest income, with certain exceptions, as well as other changes. Although in force on 23 March, the protocol already provisionally applied from 1 January 2021 and now formally applies from that date.