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Protocol to Tax Treaty between Austria and Ukraine Signed

17 June 2020

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Treaty Development

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Austria-Ukraine

On 15 June 2020, officials from Austria and Ukraine signed an amending protocol to the 1997 income and capital tax treaty between the two countries. According to a release from the Ukraine Ministry of Finance, the protocol brings the treaty in line with OECD guidelines. The release also notes that the protocol provides for an increase in tax rates on dividends from 10% to 15% and on interest from 2% to 5%. Royalty tax rates are also increased, from 0% to 5% for the use of any copyright in scientific works, patents, etc., and from 5% to 10% for the...