The Convention between Russia and Thailand on avoidance of double taxation and evasion of income taxes enters into force
Federal Law No. 259-FZ of December 22, 2008 has ratified the Convention between the Government of the Russian Federation and the Government of the Kingdom of Thailand on Avoidance of Double Taxation and Prevention of Evasion of Taxes for the Income Taxes. Under the agreement, legal and natural persons of the parties are exempt from double taxation of the same incomes in one’s own state and in the partner country. Lawmakers believe this will promote the development of trade, cultural, scientific and technical cooperation and also attract mutual investment.