Taxation - Russia

From 1 January 2015, the standard withholding tax rate applicable to dividends will be 15% again.

The standard withholding tax rate for corporate bonds is 30% (penalty rate for undisclosed positions).

The standard withholding tax rate for OFZ & municipals is 0%.

Details of tax procedures for relief at source and quick refund are available on our website, please see Tax announcements (Russia).