Mutual agreement on Suspension
TAXSPOC News Desk
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
1992 Tax Treaty Bilateral Agreements Double Taxation Agreement Economic Diplomacy Fiscal Policy Global Economics International Taxation Tax Convention Suspension Treasury Department US-Russia Convention US-Russia Relations US-Russia Tax
About the author
TAXSPOC News Desk
TaxSpoc is a free platform sharing tax news, insights, and practical content with a growing Global Tax Community. Our goal is simple: democratize tax knowledge and make high-quality tax content accessible to everyone—no paywalls, no fluff.
For any questions, clarifications, contributions, or concerns related to this article, don’t hesitate to contact us at hello@taxspoc.com.
