The Central Bank of Russia (CBR)Â announced its decision to keep the key rate at 21% on 14 February 2025.
Earlier, CBR increased the key interest rate from 19% to 21%, on 25 October 2024.
This is the highest key interest rate in Russia since it was introduced in 2013.
The key interest rate is utilised for calculating interest deductions and late payment interest on overdue taxes in Russia.
Related Posts
Representatives from Russia and the UAE have signed a new income and capital tax treaty on 17 February 2025 . The treaty will come into effect after the exchange of ratification instruments, and once it is in force, it will replace the limited
Read More
Russia’s Ministry of Finance has clarified that international holding companies are not required to include the profits of their controlled foreign companies (CFCs) in their corporate income tax base for tax periods ending before 1 January
Read More Russia's Ministry of Finance has issued guidance Letter No. 03-07-11/121626 on the corporate income tax and VAT implications of dividends distributed in the form of property. The letter confirms that transferring ownership of assets to
Read More
The United Arab Emirates (UAE), represented by the Ministry of Finance, has successfully concluded the final round of negotiations for the Double Taxation Avoidance Agreement (DTA) on income and capital with the Russian Federation. This
Read More
The UK's tax, payments and customs authority (HMRC) has announced that the 1994 tax treaty with Russia will be suspended starting 6 April 2025 for income tax and capital gains tax. The suspension will extend to corporation tax and all other taxes
Read More
Uzbekistan adopted the amended protocol of the CIS Mutual Assistance Agreement on 13 December 2024. The Commonwealth of Independent States (CIS) is an intergovernmental organization that promotes cooperation among former Soviet republics. It was
Read More
