The Russian Ministry of Finance has announced the signing of a new income tax treaty with Oman on 8 June 2023. A treaty was signed in 2001 but was never ratified. The new treaty is in line with BEPS standards and provides the following withholding tax rates:
- Dividends - 10% if the beneficial owner is a company that owns at least 20% of the paying company's shares; otherwise, 15%
- Interest - 10%
- Royalties - 10%
The treaty will enter into force after the ratification instruments are exchange…