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.
