On April 28, 2017 the Japanese Ministry of Finance issued a press release announcing that the governments of Japan and the Russian Federation have agreed in principle on a new Convention replacing the Tax Convention that is currently in place between both jurisdictions.

 

The new Convention will be signed after the necessary internal procedures have been completed by each of the two Governments. Thereafter, the new Convention will enter into force after the completion of the approval process in both countries (in the case of Japan, approval by the Diet is necessary).

 


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