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Russia Looking to Revise Tax Treaty with Singapore — Orbitax Tax News & Alerts

The Russian government has reportedly expressed its intent to begin negotiations for the revision of the 2002 income tax treaty with Singapore in order to provide for a minimum withholding tax rate of 15% on dividends and interest. The current treaty provides for a 5% withholding tax rate on dividends if holding at least 15% of the paying company's capital, otherwise, the rate is 10%, and provides a withholding exemption for interest.