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Russian Duma ratifies Armenia-Russia tax agreement protocol

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  • Russian Duma ratifies Armenia-Russia tax agreement protocol

    Russian Duma ratifies Armenia-Russia tax agreement protocol

    news.am
    January 19, 2013 | 14:20

    MOSCOW. - State Duma of the Russian Federation (RF) on Friday ratified
    the protocol that proposes amendments to the Armenian and RF
    governmental agreement on preventing double taxation of income and
    property. These amendments refer to taxation of income in the form of
    interests and dividends.

    Specifically, the income interest from commercial loans will be taxed
    at 5 percent. But the sole exception will be the earnings for state
    agencies and the central banks of Armenia and Russia.

    Furthermore, the amount of taxation for hired jobs is being determined.

    `A 13-percent interest rate will be applied for the workers that come
    from Armenia to Russia,' the latter's Deputy Finance Minister Sergei
    Shatalov explained, and added that this interest rate is applied for
    the RF residents, RBK reports.

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