Agreement between Uzbekistan and Ukraine for the avoidance of double taxation dated 10 November 1994 entered into force on 25 July 1995 (ratified by the Law of Ukraine # 201 dated 2 June 1995).
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 10 % of the gross amount of the dividends.
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 the interest, the tax so charged shall not exceed 10 % of the gross amount of the interest.
Paragraph 8. Notwithstanding the provisions of paragraph 2 of this Article interest arising in a Contracting State shall be exempt from tax in that State if:
a) beneficial owner of the interest is the Government of the other Contracting State or local authorities, or any other bodies of those Government or local authorities;
b) beneficial owner is the National Bank of Ukraine or the Central Bank of Republic of Uzbekistan ("bank of banks" of the Contracting State), organisation for guaranteeing the state export and import credits or any other similar organisations to which according to the laws of the Contracting State the relevant rights are delegated.
Article 12 (Royalties):
Paragraph 2. Royalties may be taxed in the Contracting State in which they arise and in accordance with the laws of that State, but the tax so charged should not exceed 10 % of the gross amount of payments.
