Ukraine:
New Ukrainian List Of Designated Offshore Jurisdictions Does Not Include Cyprus
20 June 2011
Elias Neocleous & Co LLC
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The Ukrainian government has published the list of designated
offshore jurisdictions under the Ukrainian Tax Code, which took
effect on 1 April 2011. Payments by Ukrainian residents for the
benefit of entities registered in these jurisdictions are not fully
tax-deductible.
Cyprus is not included on the list of designated offshore
jurisdictions, making payments to beneficiaries in Cyprus fully
deductible.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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