Cyprus, Ukraine Agree To Replace Temporary DTA

[dany]

From what I read below it is good news to all in the Ukraine that want freedom to European trading and don't want to huge tax burden there.

Cyprus and Ukraine have agreed the text of a double tax agreement that will likely replace their existing pact from January 1, 2019.


The deal will newly include a most favored nation (MFN) clause for taxes on interest, dividends, royalties, and capital gains. This clause ensures that Cyprus will be extended equal treatment should Ukraine introduce more favorable terms in double tax agreements with other nations.


The Cypriot Government said the signed Protocol will come into force not earlier than January 1, 2019, when the existing Convention, which entered into force on January 1, 2014, will expire.
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[JohnLocke]

That's actually great news.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[dany]

That means that if you live in the Ukraine you can avoid to pay tax there if you pay in Cyprus is that correct? please let me know more details if possible I have to get this confirmed.

 

[duran]

If you have a good tax lawyer and the correct setup for your offshore corp in Cyprus you can avoid to pay tax in the Ukraine as long we speak corporate tax.

 

[dany]

If you have a good tax lawyer and the correct setup for your offshore corp in Cyprus you can avoid to pay tax in the Ukraine as long we speak corporate tax.
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Yes I learned the same, found someone good to help me with my setup in Cyprus 😉

 

[Annabell]

Most of the Baltic countries are depending of the rest of European countries so they will try to do everything they can to make the EU feel comfortable with them. The question is if they really get signed these DTA, AIS and what else they promise to sign, and if so, how many will they sign!

 

[negon]

totally agree with you annabell this is going to be standard in europe and the us.

 

[footi gupt]

Nice . I am planning to visit Ukraine next month for business related trip..

 

[Sansa]

Its a great news for the people who already have companies on Cyprus and those who wanted to make their own company as well. Cyprus' government is always making big moves to improve their economy that's why I believe they will survive and last for long decade of years.