A double taxation treaty between Malta and Ukraine has been ratified by the Government of Malta in December 2017. This is the primary legal toll regulating taxation affairs between the two countries; so far bilateral relations were sustained by agreements in fields of law enforcement and promotion of tourism. Now the Convention awaits ratification. The treaty, effective from 28 August 2017, provides for the following rates of taxation of dividends, interest and royalties:
- Dividends – 15% or 5%: the reduced tax rate applies if the dividend recipient owns at least 20% of the capital of the dividend paying company.
- Interest and Royalties – 10%.
The treaty was signed in 2013 and was ratified by the Ukrainian parliament in April 2017.
Why choose Nexia BT?
Established by Brian Tonna, managing partner, Nexia BT is a corporate and private client advisory, audit, accounting and tax firm. Our clients are local and international financial and other institutions, SMEs, high-net-worth-individuals, the public sector and high-end organisations.
As a reputable organisation of over 25 years standing and forming part of a worldwide network of independent business advisors, consultants, auditors and accounting firms present in over 115 countries, we are optimally positioned to offer global expertise.
Along these years, we have built client loyalty around a credible reputation for delivering results whilst working to the highest professional standards.
Nexia BT’s strength lies in the technically competent staff with experience across a varied range of industry sectors. We deliver solutions to our clients through a high calibre customised service reflected in the professional work approach and ethics of our staff and driven by our ethos ’Closer to you’. With the backing of this business approach, we confidently present you Nexia BT as your trustworthy, dependable and reliable partner in Malta.