The new treaty will come into force on Jan 1, 2017.Shutterstock
The Russian lower house of parliament, the State Duma ratified a double taxation treaty with China at a session on Jan. 27.
The agreement was signed in Moscow in October 2014. China has already completed the ratification procedures needed for the treaty to take effect.
“Following ratification by the Russian side, the agreement will come into force from the beginning of the new tax period, that is, from January 1, 2017,” Russian Deputy Finance Minister Alexei Moiseyev said at the Duma session.
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