On 8 August 2023, Decree of the President of Russia was signed and published to suspend certain provisions of double tax treaties (DTT) with 38 so called ‘unfriendly’ jurisdictions.
According to the Decree, the Russian Government shall develop measures aimed at mitigating the impact of DTT suspension on the Russian economy. Therefore, certain amendments to Russian domestic withholding tax rules as regards certain payments, or additional clarifications on the implications of the suspension are expected.
