Cyprus and Ukraine sign new DTA

The agreement should replace the convention of 1982 concluded with USSR

08 November 2012 Cyprus and Ukraine sighed double taxation treaty.

According to the treaty 5% withholding tax on dividends will be implemented if participation in the company capital exceeds 20% or 100 000 euro. For other cases tax rate will be 15%.

Withholding tax on percents will be 2% and for royalties – 10%.
Convention will come into force after ratification by parties.