Global Tax Alert | 8 October 2013
Cyprus and Ukraine complete procedures to bring new treaty into force
On 23 September 2013, the Inland Revenue Department of the Cypriot Ministry of Finance issued its Circular No. 2013/16, announcing that Cyprus and Ukraine have both completed all the procedures required to bring into force the new Double Tax Treaty between the two countries. The Treaty was signed on 8 November 2012.
The Treaty and the Protocol to it will apply to:
- • Taxes withheld at the source for amounts paid on or after 1 January 2014; and
- • Other taxes for taxable years or periods beginning on or after 1 January 2014.
According to the Circular, the USSR-Cyprus Double Tax Treaty signed on 29 October 1982 will no longer be in effect as of 1 January 2014.
For additional information with respect to this Alert, please contact the following:
Ernst & Young LLC, Kiev, Ukraine
- • Vladimir Kotenko
+380 44 490 3006
- • Igor Chufarov
+380 44 492 8231
Ernst & Young LLP, Eastern European Business Group, New York
- • Julia Samoletova
+1 212 773 8088
EYG no. CM3856