MOSCOW. – State Duma of the Russian Federation (RF) on Friday ratified the protocol that proposes amendments to the Armenian and RF governmental agreement on preventing double taxation of income and property. These amendments refer to taxation of income in the form of interests and dividends.  

Specifically, the income interest from commercial loans will be taxed at 5 percent. But the sole exception will be the earnings for state agencies and the central banks of Armenia and Russia.     

Furthermore, the amount of taxation for hired jobs is being determined.   

“A 13-percent interest rate will be applied for the workers that come from Armenia to Russia,” the latter’s Deputy Finance Minister Sergei Shatalov explained, and added that this interest rate is applied for the RF residents, RBK reports.