The law increasing the profit tax rate on dividends paid to Russian companies from both Russian and foreign sources was published in the Official Gazette on 25 November 2014. The law increases the rate from 9% to 13% for companies not qualifying for participation exemption (50% holdings for at least 365 days). It also increases the rate from 9% to 13% for individuals.
The law has no impact on the dividends withholding tax rate for dividends paid by Russian companies to foreign companies, whi…