Convention between Algeria and Ukraine for the avoidance of double taxation dated 14 December 2002 entered into force on 1 July 2004 (ratified by the Law of Ukraine # 942-IV dated 5 June 2003).
Article 10 (Dividends):
Paragraph 2. Dividends may be taxed in the Contracting State of which the company paying the dividends is a resident and according to the laws of that State, but if the recipient is the beneficial owner of the dividends the tax so charged shall not exceed:
a) 5% of the gross amount of the dividends if the beneficial owner is the company (other than a partnership) which holds directly at least 25% of the capital of the company paying the dividends;
b) 15% of the gross amount of the dividends in other cases.
Article 11 (Interest):
Paragraph 2. Interest may be taxed in the Contracting State in which it arises and according to the laws of that State, but if the recipient is the beneficial owner of interest, the tax so charged shall not exceed 10% of the gross amount of the interest.
Paragraph 3. Notwithstanding the provisions of paragraph 2, interest arising in a Contracting State shall be exempted from tax in that State if it is paid:
a) by the Government of that Contracting State, one of its political and administrative subdivision or a local authority thereof;
b) to the Government of the other Contracting State, a political and administrative subdivision or a local authority thereof or institutions and agencies (including financial ones) wholly owned by that Contracting State, a political and administrative subdivision or a local authority thereof;
c) to other institutions and agencies (including financial ones) in respect of financial liabilities under agreements concluded by the Governments of the Contracting States if mentioned institutions or agencies are authorised by the Governments of the Contracting States to performs transactions related to those financial liabilities.
Article 12 (Royalties):
Paragraph 2. Royalties may be taxed in the Contracting State in which they arise, and according to the laws of that State, but the tax so charged shall not exceed 10% of the gross amount of the receipts.
