The protocol to the 2012 income tax treaty between Cyprus and Ukraine entered into force on 28 November 2019. The protocol was signed on 11 December 2015 and includes the following changes:

Withholding Tax Rates

The paragraphs concerning the withholding tax rates in Article 10 (Dividends) and Article 11 (Interest) are replaced, providing for the following rates:

• Dividends - 5% if the benefi…