On July 24, the Cabinet of Ministers approved a convention between the governments of Ukraine and Malta on the avoidance of double taxation and the prevention of tax evasion, the government’s press office reported on Thursday, Interfax-Ukraine informed.

According to the press office, the draft convention’s tax rates on dividends, interest and royalties comply with the requirements of the OECD Model Tax Convention on Income and on Capital.

In particular, the general rate on dividends is 15%, and 5% on dividends received by the owner of more than 20% of a company that pays dividends.

The general rate on interest and royalties is 10%, according to the statement.

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