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Russia Clarifies Application of Treaty Benefits for Dividends Paid through a Foreign Intermediary

|Approved Changes|Russia
Russia

Russia's Ministry of Finance recently published Guidance Letter No. 03-08-05/46320, which clarifies the application of treaty benefits for dividends paid through a foreign intermediary. According to the letter, in order for the beneficial provisions of a treaty to apply, a non-resident must provide the Russian tax agent (dividend payer) a certified confirmation of permanent residence in the rel…

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