KIEV, Dec. 11 – Ukraine and Cyprus have signed a revamped intergovernmental agreement to avoid double taxation.

The document was signed by Finance Minister Natalie Jaresko and Cypriot Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis in the presence of the presidents of the two countries.

The protocol the convention between the Ukrainian and Cypriot governments on avoiding double taxation and preventing income tax payment evasions.