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Ukraine and Japan will be able to avoid double taxation

Ukraine and Japan will be able to avoid double taxation

The corresponding bill is already in the Verkhovna Rada, its ratification is expected.

Prior to this, on February 19, 2024, during the Japanese-Ukrainian Conference on Economic Growth and Reconstruction, the Minister of Finance of Ukraine Sergei Marchenko signed the Convention between the Governments of the countries. This Convention is designed to improve partnerships between countries, as well as facilitate the process of economic cooperation.

The convention regulates the rules of taxation, royalties, interest and dividends between countries. Tax rates on some income may be 5 or 10 percent, which may be beneficial for developing investment relationships.

In addition, the Convention establishes rules for the exchange of tax information between countries.

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