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Ukraine to Sign Protocols to Tax Treaties with Singapore and Switzerland

10 April 2018

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Treaty Development

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Ukraine-Singapore-Switzerland

On 4 April 2018, the Ukraine Cabinet of Ministers approved the signing of amending protocols to the 2007 income tax treaty with Singapore and the 2000 income and capital tax treaty with Switzerland. The protocol to the Singapore-Ukraine treaty will reportedly update Article 25 (Exchange of Information) to bring it in line with the OECD standard for information exchange. The protocol to the Switzerland-Ukraine treaty will reportedly update Articles 25 (Mutual Agreement Procedure) and 26 (Exchange of Information), and amend Articles 11 (Interest) and 12 (Royalties) to replace the current withholding tax exemptions provided by those Articles with a 5%...