New Malta-Russia Double Tax Treaty

A new double tax agreement between Malta and Russia has now entered into force.  The agreement was signed on 23 April 2013. The treaty provides for reduced rates of withholding taxes of 5% on payments of interest and royalties.  The same rate of 5% also applies to dividends where the beneficial owner of the dividends […]

Written By ACT Team

On June 2, 2014
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A new double tax agreement between Malta and Russia has now entered into force.  The agreement was signed on 23 April 2013.

The treaty provides for reduced rates of withholding taxes of 5% on payments of interest and royalties.  The same rate of 5% also applies to dividends where the beneficial owner of the dividends holds at least 25% (the value must at least be €100,000) of the capital of the company paying the dividends.  Malta does not withhold any tax on the payment of dividends, interests and royalties.

Malta has entered into more than 65 double taxation agreements, largely based on the OECD Model Convention.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].