Foreign tax relief
Residents of Russia are entitled to a foreign tax credit against their Russian tax liabilities if provided for by a relevant DTT. The credit cannot exceed the amount of tax payable in Russia.
For a foreign tax credit claim, an individual is obligated to provide the Russian Tax Authorities with supporting documentation in order for the credit for foreign taxes paid in the other country to be approved. This should be submitted to the Russian Tax Authorities along with the tax declaration within three years after the reporting period.
Russia has changed DTTs with some countries to increase the rates on dividends and interest.
Below is the list of countries with which Russia currently has effective DTTs:
|Belarus||Korea, Democratic People's Republic||Slovenia|
|Belgium||Korea, Republic of||South Africa|
|China, People's Republic of||Luxembourg||Tajikistan|
|Denmark||Mexico||United Arab Emirates|
|Hong Kong||New Zealand|
* Will expire on 01.01.2022