Russia has suggested that Saudi Arabia and Qatar reconsider their double taxation agreements (DTAs) following negotiations with the UAE. The newspaper writes about this “Vedomosti” Minister of Foreign Affairs, referring to Deputy Minister of Finance Alexei Sazanov.
The speaker said that the Russian Ministry of Finance sent the relevant requests and is waiting for a response.
previous day reportedIt was stated that negotiations regarding new tax agreements between the UAE and Russia have reached an impasse. Abu Dhabi has said it is ready to accept the 10-10-10 formula (10% of interest, dividends and royalties) provided that similar rates are set in neighboring Arab countries.
DTAs with Saudi Arabia and Qatar are now more attractive. Dividend tax for businesses is set at 5% and for state-owned companies and some other categories at 0%. In both countries, the loan interest tax is 5%. The royalty rate for Saudi Arabia is 10% and for Qatar it is zero.
Previously reportedHe said Russia will start exporting beef to Malaysia.