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Russian residents to pay tax on the low interest rates from foreign banks

At the end of February 2012 the Ministry of Finance of the Russian Federation issued a letter of clarification on the subject of whether a Russian resident should declare and pay taxes on the advantage (difference in loan rates) it receives from obtaining a loan with a foreign bank (and therefore, presumably lower than the…

June 6, 2012 in News.
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  • Arlington Corporate & Trust Services Limited
    5 Stratford Place, London W1C 1AX, United Kingdom
  • Phone: +44 (0) 2074675342
    Fax: +44 (0) 2074675344
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