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Webinar. Denunciation of the agreement with the Netherlands

  • Russia

    08-07-2021

    Description:

    In August 2020, the Ministry of Finance of Russia submitted a proposal to the Netherlands regarding amendments to the Agreement on the avoidance of double taxation. Regardless of the number of rounds of negotiations, all attempts at convincing the Dutch side to accept the Russian amendments to the Agreement met with failure and compromising on this issue did not fit into the Russian government’s plans.

    As a result, on 26 May 2021, the Russian president signed a bill into law denouncing the agreement on the avoidance of double taxation with the Netherlands, and the Ministry of Foreign Affairs of Russia notified the Dutch side of the adoption of the relevant law with the statement dated 06/07/2021 and thereby fulfilled all procedural requirements in accordance with the rules of Article 31 of the Agreement.

    As such, one of the longest running and most popular tax agreements will cease to be valid starting from 01 January 2022.

    In the webinar, we will piece together what will follow in the wake of these events and analyze how the international structures involving the Netherlands will prepare for a new reality.

    Date and Time:

    21 July 2021, start at 11.00 am (Moscow time)

    Place:

    ZOOM (details of the video conference will be sent to registered participants one day ahead of the webinar)

    Webinar program:

    11:00 - 11:20 – Tax relations with the Netherlands 2022 – how will the tax burden increase and what compensatory measures can we expect from the Russian Government?

    11:20 - 11:40 – Payments involving the Netherlands – will they become a focus of tax authorities’ attention?

    11:40 - 12:00 – A look-through approach in the international structures involving the Netherlands – will it be applied?

    12:00 - 12:15 – Q&A

    Main target audience:

    The webinar will be of interest to financial directors, tax department managers, head accountants, lawyers and other employees responsible for tax related duties.

    Speakers:

    • Andrey Grachev, Counsel and Head of the Tax Practice at Eversheds Sutherland Russia
    • Ivan Koreshkov, Associate in the Tax Practice at Eversheds Sutherland Russia

    The event will be held in Russian. Participation is free and available through registration in advance by following this link.

    If you know of colleagues in your company who may be interested in this topic, please feel free to forward this invitation.

    We hope to see you there!

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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