On 1 October 2020, Malta and Russia signed a Protocol amending the Convention for the Avoidance of Double Taxation and the prevention of Fiscal Evasion between the two countries.
This new Protocol includes amendments to Article 10 of the Convention concerning dividends payments, Article 11 concerning interest payments as well as Article 24 being the Non-Discrimination article. Changes to Article 25, on the other hand, extend the scope of use of information exchange between the two countries under the Convention.
These amendments were enacted by the Minister of Finance and Financial Services through L.N. 428 of 2020 amending The Relief (Taxes on Income) (Russian Federation) Order, 2013 and shall enter into force when announced in the Government Gazette.