Cypriot Ministry of Finance announces a Protocol amending the DTA between Cyprus and Ukraine after its expiry has been concluded
On September 8, 2015 the Cypriot Ministry of Finance published an announcement titled: “Conclusion of a Protocol that will amend the Convention for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect on taxes on income between the Republic of Cyprus and the Government of Ukraine after its expire”.
According to the Cypriot Ministry of Finance, the agreed Protocol when signed will come into effect not earlier than on January 1, 2019, which according to the announcement is the date that the existing Convention will expire. The existing Convention was signed on November 8, 2012 and entered into force on the January 1, 2014.
The announcement furthermore states that during the negotiations a most favourable nation clause has been agreed, for the taxes on interest, dividends, royalties and capital gains.
Unfortunately we have not been able to locate the text of the agreed Protocol that the announcement refers to yet.
To be forwarded to the text of the existing Convention for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect on taxes on income between the Republic of Cyprus and the Government of Ukraine as available on the website of Cypriot Ministry of Finance, click here.
