Cyprus and Ukraine signed on the 11th of December 2015 in Kiev a protocol amending their double taxation treaty.
The protocol will come into force no earlier than the 1st of January 2019 when the current treaty between the two countries expires. The amended treaty is based on the model tax convention for the avoidance of double taxation of the Organisation of Economic Cooperation and Development. Further, it is important to note that a most favourable clause has been adopted for taxes on dividends, interest, royalties and capital gains.
