Russia’s central bank cut the key rate by 100 bps to 20% on 6 June 2025, maintaining tight policy to control inflation. The Bank of Russia Board of Directors decided to cut the key rate by 100 basis points to 20.00% per annum on 6 June 2025.

Russia has approved a new tax treaty with the UAE to enhance tax cooperation and replace the limited 2011 agreement.  Russia’s government has approved a draft law to ratify a new income and capital tax treaty with the UAE on 29 May

The proposed extension will continue the rate until 31 December 2030. The Russian Government announced plans to extend the 0% VAT rate on temporary accommodation services in hotels and other lodging facilities on 22 May 2025. The proposed

China and Russia signed an investment protection agreement (IPA) in Moscow on 8 May 2025. Investment Promotion Agreements (IPAs) are designed to protect investors by requiring national governments to minimize risks such as currency controls,

Russia, on 25 April 2025, temporarily suspended penalties for late VAT return submissions in 2025 for businesses using the simplified tax regime who, from 2025, are required to calculate and pay VAT. Taxpayers using the simplified taxation system

Malaysia has completed the ratification of the new 2024 Malaysia - Russia Income Tax Treaty (2024) through the publication of the Double Taxation Relief (The Government of The Russian Federation) Order 2025 in the Official Gazette PU (A) 112 of 28