NEW DOUBLE TAX TREATY BETWEEN CYPRUS AND UKRAINE

Following the ratification of the new treaty by the Government of Cyprus on the 22nd of  March 2013, the Ukrainian parliament has proceeded with the ratification the new double  tax treaty between Cyprus and Ukraine on the 4th of July 2013. The new treaty was put into effect as from the 19th of August 2013. […]

INCREASE IN THE CORPORATE TAX RATE

With effect from 1 January 2013 the corporate tax rate has been increased from 10% to 12,5%. Transfer and carry forward of tax losses by credit institutions With effect from 25 March 2013, in the event of a transfer of operations, assets, rights or obligations from one credit institution to another under the Credit Institutions Resolution Law, any […]