The Ukraine State Fiscal Service recently published an individual tax consultation letter on the reduced withholding tax on interest payments to nonresidents where the funds for the loan were obtained through the placement of foreign debt securities on an approved foreign stock exchange. The letter notes that as per sub-section 141.4.11. of the Ukraine Tax Code, a reduced rate of 5% applies on interest payments to nonresidents on loans subject to the following conditions:
- The funds for the l…