Ukraine's Ministry of Finance announced in a release dated 31 March 2016 that it is planning to begin negotiations for protocols to amend the tax treaties with Austria, Belgium, the Netherlands, the United Kingdom and Switzerland. The negotiation of the protocols is part of Ukraine's plans to bring its tax treaties in line with current OECD guidelines. Any resulting protocols would be the first to amend the treaties with the respective countries, and must be finalized, signed and ratified before entering into force.