Multilateral convention: new reality of double taxation treaties
This year Russia, Ukraine, and Kazakhstan officially ratified the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting. The Multilateral Instrument changes tax regulation of cross-border transactions such as dividend payments, loan interest, royalties, and rental payments and determines which rate is to be applied.
Learn more about:
- How the criteria for establishment of a permanent representative office and payment of taxes and fines were changed
- How to avoid overpayment of taxes for cross-border transactions
- What is the Principal purpose test, how organize compliance with the convention, and optimize tax schemes