Taxation Issue of Russian Real Estate in Cyprus Resolved

22:24 - 30 Δεκεμβρίου 2016

Successful was ultimately the outcome that was raised with the intention of Russia to tax profits from properties even if they belonged to a company that was registered in another country.

According to InBusinessNews sources, after intervention at a senior government level, the measure will not be applied on January 1. Negotiations will commence on concluding on an agreement for a new memorandum of understanding with regard to this issue.

  

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