The Russian Federation Council, upper house of parliament, approved the law for the ratification of the pending income tax treaties with Abkhazia on 23 October 2024.
The treaty with Abkhazia, signed on 7 May 2024, is the first between the two jurisdictions and will come into effect once ratification instruments are exchanged.
Abkhazia is a contested region, recognised as an independent state by Nauru, Nicaragua, Russia, Syria, and Venezuela, while nearly all other countries regard it as a jurisdiction of Georgia.
Earlier, the Russian government approved draft laws for the ratification of pending income tax treaties with Abkhazia on 4 September 2024.
