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Putin suspended tax agreements, including with Hungary
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Putin suspended tax agreements, including with Hungary

August 8, 2023 – 3:01 PM

Russian President Vladimir Putin has suspended tax agreements that Russia previously made with several countries that Moscow has designated as unfriendly, according to reports. Interfax. Written by the Russian President A letter was issued on Tuesday He said the move was justified by “the actions of hostile states” and the suspension would remain in effect as long as these states “violate the legitimate economic and other interests of the Russian Federation,” he wrote. TASSZ.

Russian President Vladimir Putin at a meeting of the Russian Security Council in Moscow on August 4, 2023 - Photo: Sputnik/Reuters

Russian President Vladimir Putin at a meeting of the Russian Security Council in Moscow on August 4, 2023 – Photo: Sputnik/Reuters

The pending agreements primarily relate to the avoidance of double taxation, and in addition to the United States and EU member states, the United Kingdom, Canada, Australia, New Zealand, Japan and Singapore are also affected.

Among the pending agreements, the presidential decree also includes the agreement concluded with Hungary in 1994, to be precise, Articles 5-22. and points 24 suspended by decree The Kremlin. With this, point 23, that is, on double taxation, remains valid within the agreementbut in a number of places, from now on, Hungary begins to be in the same unfavorable conditions as other EU member states.

We also contacted the Ministry of Foreign Affairs on this matter and asked them what changes we can expect in the field of tax matters related to Russia next, how they react to President Putin’s move, and what response measures the Hungarian Ministry of Foreign Affairs or the government plans to take. Once we receive an answer from the Ministry of Foreign Affairs, we will also report this on telex.

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