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Ukraine and Malaysia, double tax treaty

Ukraine - Malaysia

Ukraine need to sign agreement about double tax avoidance with Malaysia what will limit tax rate for dividends, interest, and royalties.

According to the deal, the tax rate for dividends will be limited to 15 percent. Special rate for 5 percent will be used for dividends taking from company if it has more than 20 percent of whole company capital paying dividends.

Interest and income will depend on maximal tax rate in 10 percent and 8 percent agreeably.

The agreement project also include contributions about tax information based on standard developed by the Organisation for Economic Cooperation and Development.

The agreement will be signed during official visit of Ukrainian President, Petro Poroshenko, to Malasia 3-5 of August, 2016 year. Ukraine hope to make the same deal with Qatar and other countries and to look through acting agreements with Belgium, Great Britain to the end of 2016 year.

Author: Sergey Panov
managing partner Finance Business Service