Ukraine may dissolve double taxation bill with Cyprus

Ukraine’s cabinet is to approve a bill to dissolve a convention made with Cyprus on the avoidance of double taxation, Ukrainian Prime Minister Arseniy Yatseniuk reportedly said on Wednesday. But sources in Nicosia said “it is not a final decision” and that the reported decision was “unexpected”. The new double taxation convention between the two countries was renewed in January, replacing the old treaty between USSR and Cyprus of 1982.