Amended Double Tax Treaty between Cyprus and Ukraine

President Anastasiades has recently visited Ukraine and the two countries have signed on the 11th of December 2015 a protocol amending their already existing double taxation agreement.

The protocol will come into force the very earliest on the 1st of January 2019. The amended treaty is expected to assist  further trade and economic relations between the two countries. Moreover, the inclusion of a new favourable clause  for taxes on interest, dividends, royalties and capital gains is considered to be very significant as it means that Cyprus will be treated equitably with other competing countries.