Amendments to the Convention between the Government of Ukraine
and the Government of Cyprus on the Avoidance of Double Taxation
and Prevention of Fiscal Evasion with Respect to Taxes on Income
and on Property
On 11 December 2015 the representatives of the governments of
Ukraine and Cyprus have signed the Protocol on amending the
Convention between the Government of Ukraine and the Government of
Cyprus on the Avoidance of Double Taxation and Prevention of Fiscal
Evasion with Respect to Taxes on Income and on Property (the
"Convention").
In particular, the following changes are foreseen by the
Protocol:
- An increase of the withholding tax rate on interest payment to
5 percent (the current version of the Convention foresees 2 percent
withholding tax rate on interest payment.)
