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Vladimir Putin signed Federal Law On Ratification of the Protocol Amending the Convention between the Government of the Russian Federation and the Government of the Kingdom of Belgium for the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to Taxes on Income and Capital signed in Brussels on May 19, 2015.
Under the protocol, a provision is being added to the Convention that allows imposing taxes on incomes generated from the alienation of companies’ shares or similar rights in a company, in which real estate accounts for more than 50 percent of its value.
August 3, 2018