The final round of negotiations between the Ministries of Finance of Russia and the United Arab Emirates took place in Dubai, where the parties initialed the draft of a new agreement on the elimination of double taxation on income and capital and the prevention of tax evasion. The agreement was approved by the Prime Minister of Russia in the Government Order No. 280-p dated February 11, 2025. This means that the document has been agreed upon but has not yet been signed or come into force.
1. Tax Residency Definition: According to the new agreement, an individual can be considered a tax resident in the state without being tied to their nationality if they meet the criteria of permanent residence, center of vital interests, or habitual residence.
2. Single Tax Rate – 10%:
Previously, the conditions could vary depending on the type of income or applied preferences.
3. Abolition of the Previous Agreement: The new document will replace the 2011 agreement on the ...