Lower Chamber of Russian Parliament Votes to Revoke Tax Agreement With Netherlands | WHAT REALLY HAPPENED

Lower Chamber of Russian Parliament Votes to Revoke Tax Agreement With Netherlands

At a plenary session on Tuesday, the lower chamber of the Russian parliament voted for revoking a Russian-Dutch agreement on the avoidance of double taxation and prevention of tax evasion.

The Russian government submitted a bill to denounce the agreement to the lower chamber last month.

"If the Russian side submits a notification on agreement denunciation before 30 June 2021, it will be terminated on 1 January 2022", the explanatory note read.

At the same time, the Russian Finance Ministry said it would propose amending taxation deals with Hong Kong, Singapore, and Switzerland.

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