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Russia and Hong Kong have executed a double taxation treaty (currently only draft is available).

DATE: January 27, 2016 | AUTHOR: atlawyers

Russia and Hong Kong have executed a double taxation treaty (currently only draft is available). The Agreement provides reduced tax rates on dividends (5%), royalties (3%) and interest (0%). The Agreement also provides for definitions of a “tax resident” and a “permanent establishment”, and governs taxation of income from real property use and of individuals’ income. Previously Russia signed similar agreements with other countries, including China.

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