The Ukraine government has announced the signing of an amending protocol to the 1996 tax treaty with Denmark on 2 February 2021. The protocol is the first to amend the treaty and includes updates to bring the treaty in line with the latest OECD model. In particular, the protocol:

• Updates the list of taxes covered by the treaty;
• Replaces the 0% withholding tax rate with a 5% rate on royalties …