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Ukraine signs sign double taxation avoiding deals with Turkey, UK

Staff Writer | October 10, 2017
Ukrainian Deputy Finance Minister Serhiy Marchenko and Turkish Economy Minister Nihat Zeybekci signed a protocol introducing amendments to the intergovernmental agreement on avoiding double taxation, the press service of the Ukrainian Finance Ministry has reported.
Ukraine street
Taxes   The business initiative of entrepreneurs
The ministry said that the signing of the protocol created favorable conditions for Ukrainian and Turkish investors, stimulated the business initiative of entrepreneurs and regulated the issue of international taxation of income in bilateral relations.

This will also help prevent tax evasion with the simultaneous reduction of pressure on law-abiding taxpayers, eliminate and tax discrimination.

In addition, the protocol helps create mechanisms for improving cooperation between the tax authorities of Ukraine and Turkey by establishing procedures for mutual coordination of disputable issues and ensure the exchange of tax information.

Ukrainian Finance Minister Oleksandr Danyliuk and British Minister of State for Foreign and Commonwealth Affairs Alan Duncan have signed a protocol on amending the agreement between the governments of Ukraine and the United Kingdom on avoiding double taxation, the Ukrainian Finance Ministry has reported.

According to the protocol, the signing of the protocol helps avoid tax evasion and simultaneously reduce the pressure on law-abiding taxpayers, as well as to ensure the exchange of tax information.


 

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