Cyprus and Ukraine concluded a Protocol which amends the current double tax treaty between the two countries.
The protocol is expected to come into effect the earliest on the 1st of Janauary 2019 when the current treaty will come to its end.
The Protocol provides for more favorable terms in regards to taxes on interest, royalties, capital gains and dividends. This is a positive development which is expected to further promote the cooperation and financial links between Cyprus and Ukraine.
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