The Ministry of Finance of Russia suggested the Netherlands to revise the tax agreement

This was reported by TASS to the Russian Ministry of Finance.

The auditing and consulting company KPMG reported that the Netherlands Ministry of Finance received a letter from Russian colleagues with a proposal to revise the agreement on the avoidance of double taxation.

Earlier, Russia began the procedure for withdrawing from the agreement on the avoidance of double taxation with Cyprus. 

As noted by the Russian Ministry of Finance, negotiations were held to amend the agreement in terms of increasing the withholding tax to 15% in relation to dividends and interest.