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Ukraine, Malta to sign convention DTA

Wednesday, 07 August 2013   (0 Comments)
Posted by: Author: CSB Group
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Author: CSB Group

Ukrainian Finance Minister Yuriy Kolobov is to sign a convention between the governments of Ukraine and Malta on the avoidance of double taxation and the prevention of tax evasion.

The decision was approved by The Cabinet of Ministers at a meeting on July 24, the government's press office reported.

It would appear that the draft convention's tax rates on dividends, interest and royalties comply with the requirements of the OECD Model Tax Convention on Income and on Capital.

In particular, the general rate on dividends is 15%, and 5% on dividends received by the owner of more than 20% of a company that pays dividends. The general rate on interest and royalties is 10%, according to the statement.



Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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