The income tax treaty between Malaysia and Ukraine entered into force on 29 December 2021. The treaty, signed 4 August 2016, is the first of its kind directly between the two countries. Ukraine had generally continued to apply the 1987 tax treaty between Malaysia and the former Soviet Union, although Malaysia's application was uncertain. Taxes Covered The treaty covers Malaysian income tax and petroleum income tax, and covers Ukraine individual income tax and tax on profits of enterprises. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 20% of the paying company's...