OREANDA-NEWS. August 05, 2013. A decision on the signing the Convention between the Government of Ukraine and the Government of Malta for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and Protocol to it was adopted at the meeting of the Cabinet of Ministers.

Minister of Finance of Ukraine Yuriy Kolobovy is authorized by the Cabinet of Ministers of Ukraine to ink the Convention and the Protocol to it.

Draft of the Convention includes following tax rates of dividends, interest and royalties (comply with the OECD Model Tax Convention):

- dividends: standard rate 15%; 5% for dividends, which receive a company that owns at least 20% of capital of the company paying such dividends;

interests: the general rate of 10% for interests from debt-claims of every kind, whether or not secured by mortgage and whether or not carrying a right to participate in the debtor's profits, particularly from government securities and from bonds or debentures, including premiums and fees paid in respect of such securities, bonds or debentures;

royalty: standard rate 10% for royalty regarding rewards for use of or the right to use, any copyright of literary, artistic or scientific work (including cinematograph films, any films or tapes used for television or broadcasting), any patent, trade mark, design or model, plan, secret formula or process, or for information (know-how) concerning industrial, commercial or scientific experience.