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Awaiting decision with regards to the denunciation by
the Russian government of the Double Tax Treaty with the Kingdom of
Netherlands- potential consequences.
During 2020, Cyprus, Luxembourg and Malta agreed to the
requested changes by Russia to amend the existing double tax
treaties. Not being in a position to bargain Russia s request
the changes were concluded. Cyprus under the circumstances
expressed satisfaction regarding the negotiations which took place
and the final conclusion of the revised double tax treaty left what
could be considered as a bitter sweet outcome considering that