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Ukraine, Malaysia To Sign Double Tax Treaty

by Ulrika Lomas, Tax-News.com, Brussels

28 July 2016


Ukraine is to sign a double tax agreement with Malaysia that will cap withholding tax rates on dividends, interest, and royalties.

Under the deal, the withholding tax rate for dividends would be capped at 15 percent. A special rate of five percent would apply to dividends received by a company if it owns at least 20 percent of the capital of the company paying the dividends.

Interest and royalties income would be subject to a maximum withholding tax rate of 10 percent and eight percent, respectively.

The draft agreement also includes provisions for the exchange of tax information, based on the standard developed by the Organisation for Economic Cooperation and Development.

The agreement is due to be signed during the official visit of Ukraine's President, Petro Poroshenko, to Malaysia on August 3-5, 2016. Ukraine is looking to conclude similar agreements with Qatar and other countries, and will review existing agreements with Belgium and the UK by the end of 2016.

TAGS: tax | investment | business | double tax agreement (DTA) | Belgium | tax avoidance | interest | royalties | Qatar | United Kingdom | ministry of finance | agreements | tax planning | tax rates | withholding tax | Malaysia | dividends | trade | Ukraine | business investment

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