On July 4, the Ukrainian parliament approved the bill for ratification of the new double tax treaty of Cyprus - Ukraine on income and capital that was signed back in November 2012.
If Cyprus ratifies the treaty and the notifications are exchanged during 2013, then the new treaty will be applicable from January 1, 2014. The new double tax treaty will replace the Cyprus - Former USSR Income and Capital Tax Treaty of 1982.
Cyprus and Ukraine also signed a protocol on economic, scientific, technical and industrial cooperation on June 27, 2012.
Such agreements, especially the new double tax treaty, will surely boost the cooperation between the two countries, according to an announcement issued by Eurofast Global, the Cyprus-based professional services company with offices in south east Europe and the eastern Mediterranean.
Detailed analysis of the new Cyprus-Ukraine double tax treaty as well as the news relating to the protocol on economic, scientific, technical and industrial cooperation can be found on website www.eurofast.eu under the news/views/tax briefings section.
Eurofast Ukraine said in the announcement that it “welcomes the new development as it will not only redefine relations between the two countries, but we also believe that it will be the keystone for new cooperation opportunities between the two countries in the field of business.”
The company recently appointed Nadiya Omelchuk as its representative at the Eurofast Kiev office, firstname.lastname@example.org .
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