Ukraine's Ministry of Finance issued a release on 4 August 2023 announcing that the Cabinet of Ministers has approved a draft law for the termination of the 1996 tax treaty with Iran. The release also notes certain consequences of the termination, including that the domestic withholding tax rate of 15% will apply to payments to Iran, instead of the preferential treaty rate of 10% that applies for dividend, interest, and royalty payments. Further, losses to the Ukraine budget will be prevented given that Ukraine will no longer be required to credit taxes paid in Iran, and Ukraine will no longer...