16:33 31.03.2016

Finance Ministry seeks new agreements with EU to avoid double taxation

1 min read
Finance Ministry seeks new agreements with EU to avoid double taxation

Ukraine's Ministry of Finance wants to sign new agreements with the European Union states to avoid double taxation and plans to soon hold talks with the Netherlands, Britain, Belgium, Switzerland and Austria, according to a report, with reference to Deputy Finance Minister Olena Makeyeva.

According to the ministry, Makeyeva on March 30 at a meeting with representatives of the member companies of the American Chamber of Commerce in Ukraine said that the Finance Ministry has developed its own strategy for revision of international conventions for avoidance of double taxation, whose member is Ukraine, and signing new agreements with the EU countries to attract foreign investment.

At the meeting Makeyeva reported that the Verkhovna Rada is expected to ratify the convention for avoidance of double taxation between Ukraine and Malta. Increasing the level of compliance with international tax law and the provisions of the U.S. Foreign Account Tax Compliance Act (FATCA) were also discussed at the meeting.

As reported, Ukrainian Finance Minister Natalie Jaresko and Dutch Minister of Finance Jeroen Dijsselbloem discussed continuation of work on the convention on avoidance of double taxation at the Ukraine-Netherlands business forum in Nootdorp on March 30.

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