On May 26, 2021, the President of the Russian Federation signed a law denouncing the first double taxation treaty with the Netherlands. This has resulted in the revocation of tax benefits that international groups of companies used to enjoy.
As part of a webinar held on July 22,
our experts addressed the main taxation issues that the owners of foreign assets may face following the denunciation of the double taxation treaty with the Netherlands, in particular:
- The consequences of the cancelation of the agreement and possible actions before the changes become effective;
- Alternative jurisdictions, restrictions, and opportunities for taxation.
The impact of the denunciation on all companies with foreign shareholders was also considered.