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Ukraine Clarifies Treaty Benefits if Interest Payment Rights Transferred to Third Party

|Treaty Development|Ukraine-Austria
Ukraine-Austria

The Ukraine State Fiscal Service has recently published an individual consultation on eligibility for treaty benefits for interest payments where the rights to claim payments on a loan agreement entered into between a Ukraine borrower and Cyprus lender were transferred to an Austrian resident. According to the consultation letter, once the rights have been transferred, the benefits of the 1997 Austria-Ukraine tax treaty are available and the Ukraine payer is allowed to withhold tax at the tre…

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