New draft legislation on withholding tax on Eurobonds
On 6 June 2012 the Russian State Duma approved amendments to the Russian Tax Code to exclude Russian Eurobond interest payments from taxation. Thus, a Russian company that pays interest pursuant to a Eurobond structure will not have to act as a tax agent and withhold tax on payments of interest income.
Read the full newsletter: 'New draft legislation on withholding tax on Eurobonds'
Russian version of newsletter is attached.