promote
strengthen economic, scientific, technical
industrial cooperation
mutual benefit basis
Ratification of New DTT between Cyprus and Ukraine
• On 4 July 2013 the Verkhovna Rada of Ukraine approved the bill in Ukraine:
– Double Taxation Treaty and Protocol signed on 8 November 2012 in Nicosia,  during the visit of the President of             Ukraine Mr. Victor Yanukovych in Cyprus.
Withholding Tax Rates
A. Dividends (Article 10):
Example:
B. Interest (Article 11):
Example:
C. Royalties (Article 12):
Example:
Permanent Establishment (Article 5) of the OECD Model Tax Convention
Director’s fees
Example:
Beneficial Ownership – Right to receive income
Immovable Property (article 6):
Capital Gains (article 13):
Elimination of Double Taxation (article 21):
Conclusion