Russian Dividend Tax Update: Maximum Tax Rate on Russian Dividend Payments Reduced from 30% to 15% On November 24, 2014, Russian Federal Law 366-FZ (“Changes to Part Two of the Tax Code of the Russian Federation and other Federal Laws of the Russian Federation”) and Federal Law 376- FZ (“Changes to the Tax Code of the Russian Federation”) was published.1 These laws have amended the 30% maximum tax rate previously applied for nondisclosure of summary beneficial owner information effective since January 1, 2014 per Russian Federal Law 306-FZ. The new legislation goes into effect January 1, 2015, for dividends paid on or after such date, and 15% will be the standard maximum tax rate applied to Russian DR dividend payments. http://www.adrbnymellon.com/ mfg hajof |