United States Announces Suspension of 1992 Tax Convention with Russia

The U.S. Department of the Treasury has announced that the United States has formally notified the Russian Federation regarding the suspension of specific provisions of the 1992 Tax Convention. This suspension, agreed upon mutually, affects Paragraph 4 of Article 1 and Articles 5-21 and 23 of the Convention between the United States of America and the Russian Federation for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital. The Convention was originally signed in Washington on June 17, 1992.

Additionally, the operation of the accompanying Protocol to the Convention will also be suspended. This suspension will become effective on August 16, 2024, and will apply to both taxes withheld at the source and other types of taxes. The suspension will remain in effect until a new decision is reached by both governments.

This action is in response to a notification received from the Russian Federation on August 8, 2023, expressing its intention to suspend the specified provisions of the Convention and the Protocol.

SOURCES/ RECOMMENDED READ: 

• United States’ Notification of Suspension, By Mutual Agreement, of the 1992 Tax Convention with Russia | U.S. Department of the Treasury