Ukraine, Germany Sign DTA

The Ukrainian Ministry of Finance May 19 announced the same date signing of a DTA with Germany, which will replace the 1995 DTA and protocol currently in force between the countries. The DTA includes measures to: 1) incorporate OECD standards; 2) maintain the 5 percent tax rate for dividend income received by companies of a contracting state that own at least 20 percent of a foreign company, and increase to 15 percent, from 10 percent, the tax rate for all other dividends; 3) increase to 5 percent, from 2 percent, the tax rate for interest expenses paid for sales made ...