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Russia and Switzerland Discuss Tax Treaty Revisions Including 15% Tax Rate on Dividends and Interest

|Treaty Development|Russia-Switzerland
Russia-Switzerland

Officials from Russia and Switzerland met on 19 November 2021 to discuss revisions to the 1996 tax treaty between the two countries. According to a release from the Russian Ministry of Finance, revisions include an increase in the withholding tax rate on dividends and interest to 15%. The two sides also discussed the possibility of including provisions in the treaty that meet the agreed principles of international taxation within the framework of Pillar 2 of the OECD Two-Pillar Solution for …

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