New Cyprus - Ukraine Double Tax Treaty

A new Cyprus – Ukraine double taxation agreement has been signed on 8 November 2012.

This new double tax treaty will allow for transparency, exchange of information and mutually beneficial business relations between both countries.

To date the effective convention was the 1982 Convention between the Government of the Republic of Cyprus and the Government of the Union of Soviet Socialist Republics for the Avoidance of Double Taxation of Income and Property. The new Cyprus – Ukraine treaty is based on the OECD Model Tax Convention on Income and Capital and is expected to come into force upon ratification by 1st January 2014.

The Cyprus – Ukraine double tax treaty includes an OECD standard clause stipulating an exchange...