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AEB established a new Working Group on International Agreements Change within the Tax Committee


At the AEB Board meeting on May 13, 2020, it was decided to establish the temporary Working Group on amending international tax treaties, in the framework of the Taxation Committee.

The recent initiatives of the Russian Government regarding the implementation of the order of the President of the Russian Federation to increase the tax rate to 15% on income in the form of dividends and interest concern almost all the members of AEB as well as affect the investment climate in Russia.

Therefore, the group's objective will be to elaborate the common approach to come into the dialogue with State authorities over the interests in the interaction between the Federal Tax Service, Ministry of Finance and bona fide investors. The group will hold meetings with experts in international tax law of the Russian resident companies, analyse the coming changes in the legislation. Based on the information collected, the group will work out draft amendments contra the State initiatives in order to protect the interests of bona fide investors. 

The Working Group will remain in force until 31/12/2020 or until the moment the amendments to international treaties are implemented.