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.
