President Putin signed into power Federal Law # 46-ФЗ from April 2, 2014 “On Ratification of the Convention between the Government of the Russian Federation and the Government of Malta on Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income”.
The Convention was signed in Moscow on April 24, 2013.
Taxes on income cover all taxes collected on the total sum or specific elements of income, including taxes on income from alienation of property, and on the sum total of payroll paid by companies. The law lists specific taxes covered by the Convention, such as a profit tax in Malta, and a corporate income tax and personal income tax in Russia. The Convention also applies to any identical or essentially analogous taxes, or other taxes levied after its signing in addition or instead of those in existence.
Profits received by a resident of one country from real estate located in the other country (including revenues from agriculture or forestry), may be taxed in the other country.
Revenues of a company of one of the countries are taxable only in the country of the company’s origin, except if the company conducts business activity in the other country through a permanent representation office. In such cases, profits may be taxed in the other country in the part related to the permanent representation.
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