Ukraine-Singapore Double Tax Treaty (effective December 18, 2009) applies starting from January 01, 2010, while Ukraine-Libya Double Tax Treaty (effective January 31, 2010) will apply starting from January 01, 2011. Taxand Ukraine examine the particulars of the treaty rates.

Ukraine-Singapore Treaty:

• Dividend – 5% if the recipient is a company holding directly at least 20% of the capital of the company paying the dividends, otherwise 15%. Dividend received by governmental institutions is exempt from source-country taxation;

• Interest – 10%. Interest received by governmental institutions is exempt from source-country taxation;
• Royalties – 7.5%.

Ukraine-Libya Treaty:

• Dividend – 5% if the recipient is a company holding directly at least 25% of the capital of the company paying the dividends, otherwise 15%;
• Interest and royalties – 10%.

Taxand’s Take
Entering into force of these DTTs opens new opportunities and provides additional protection for Singapore and Libyan investors in Ukraine.

Your Taxand contact for further queries is:
Vladimir Didenko
T. +380 44 492 82 82
E. vdidenko@magisters.com

Yuriy Nikolaychuk
T. +380 44 492 82 82
E. ynikolaychuk@magisters.com

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