Brazilian National Congress Approves Pending Tax Treaty with Russia

On 16 February 2017, Brazil's National Congress approved for ratification the pending income tax treaty with Russia. The treaty, signed 22 November 2004, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Brazilian federal income tax, and covers Russian tax on profits of organizations and income tax on individuals.

Withholding Tax Rates

• Dividends - 10% if the beneficial owner is a company directly holding at least 20% of the paying company's capital; oth…