The amending protocol to the 2013 income tax treaty between Malta and Russia was signed on 1 October 2020. The protocol is the first to amend the treaty and includes the following changes:
- Paragraph 2 of Article 10 (Dividends) is replaced, providing for a standard withholding tax rate of 15%;
- Paragraph 3 of Article 10 (Dividends) is replaced, providing for a reduced withholding tax rate of 5% if the beneficial owner of the dividends:
- is an insurance undertaking or a pension fund;
- is a compan…