The revision of the double taxation treaty between Russia and Malta will not have much impact on business

The revision of the double taxation treaty between Russia and Malta will not have much impact on business

This is due to the fact that Malta is not such a popular jurisdiction, respectively, its attractiveness even with the new conditions of interaction will remain at approximately the same level. Moreover, Cyprus has always been considered a favorable jurisdiction for doing business, and Malta often acted more as a country for obtaining a second citizenship. <\p>

. Therefore, we should not wait for the outflow of Russian business from Malta. At the same time, we can talk about a certain policy of the Russian authorities aimed at revision of similar agreements with other countries. In the near future the terms of tax cooperation with foreign jurisdictions will change, which means certain innovations for business.

You can view the full article in RIA News

.
profile profile

Mikhail Begunov

Major specialisations

Pharmaceuticals, FMCG, Information technology, Manufacturing companies

Member of the Chamber of Tax Consultants, Lawyer at the Moscow Chamber of Advocates

Biography