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Russia Beyond The Headlines

Russian State Duma ratifies double taxation treaty with China

January 27, 2016 Interfax, RBTH
The agreement was signed in Moscow in October 2014
It remains to be seen whether Moscow and Washington will agree on tracking down tax evaders. Source: Shutterstock
The new treaty will come into force on Jan 1, 2017. Source: Shutterstock

The Russian lower house of parliament, the State Duma ratified a double taxation treaty with China at a session on Jan. 27.

The agreement was signed in Moscow in October 2014. China has already completed the ratification procedures needed for the treaty to take effect.

“Following ratification by the Russian side, the agreement will come into force from the beginning of the new tax period, that is, from January 1, 2017,” Russian Deputy Finance Minister Alexei Moiseyev said at the Duma session.

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