On 17 January 2025, the final round of negotiations between Russia and the UAE was
concluded with initialling the text of the double tax treaty.
The UAE delegation was led by Younis Haji Alkhoori, Under-Secretary of the Ministry of Finance, with the participation of Shabana Aman Khan Begum, Executive Director of the Tax Policy Sector at the Ministry of Finance. The Russian delegation was headed by Alexey Sazanov, Deputy Minister of Finance of the Russian Federation.
The Russian Ministry of Finance
reports that “all possible measures will be undertaken to ensure that the tax treaty will be effective as of 1 January 2026.”
It is also
confirmed that the WHT rates for passive income will adhere to the early proposed by the Russian ministry ‘10–10–10 formula' (i.e., set at 10% for dividends, interest and royalties) and that other provisions will be “fairly standard”.