As the press service of the department clarified, the changes relate to an increase in tax to 15% at the source in relation to dividends and interest.

“Exceptions are provided for institutional investments, as well as for public companies, at least 15% of whose shares are in free float, and owning at least 15% of the capital of the company paying these incomes during the year.

For such income, the tax rate is set at 5%, ”the press release says.

In addition, the changes will not affect interest income paid on Eurobonds, bonded loans of Russian companies, as well as loans provided by foreign banks.

The document was signed by Deputy Minister of Finance of Russia Alexei Sazanov and Ambassador Extraordinary and Plenipotentiary of Malta to Russia Pierre Clive Ajus.

In mid-September, Russian Prime Minister Mikhail Mishustin signed an order approving the draft protocol on amending the Convention for the avoidance of double taxation with Malta.