Update May 26, 2021: today President Putin signed the law on Double Tax Tready (“DTT”) denunciation with the Netherlands (Federal Law of May 26, 2021 Nr. 139-ФЗ).
It is expected that Russia will file the notification on denunciation before June 30, 2021, so that the Netherlands- Russia Double Tax Treaty will expire on January 1, 2022.
In April, the Russian government had decided to submit the draft bill on denouncing the treaty to the State Duma. In the previous months it had become clear that a compromise between both states on new conditions for a DTT was unlikely.
Please see our previous publication or contact us for details on the consequences this will have.