Russia and Oman have signed an agreement to avoid double taxation. This was stated by the Ministry of Finance of Russia.
Russian Deputy Minister of Finance Alexey Sazanov said that in 2022, the trade volume between the two countries will increase by 46%.
He said that it is important to increase trade profits and strengthen economic cooperation.
Russia’s Finance Ministry says the tax rate on interest income and royalties is set at 10 percent.
Government companies and other public investment companies will be exempted from withholding tax on interest income.
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