REUTERS

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The Protocol was signed by Minister for National Development and Second Minister for Finance, Mr. Lawrence Wong, and Minister of Finance for Ukraine, Ms. Oksana Markarova, the Inland Revenue Authority of Singapore (IRAS) reported.

The Protocol amends the Exchange of Information Article to be in line with the existing internationally-agreed standard on exchange of information on request. This change strengthens tax cooperation between both countries.

The Protocol will enter into force after its ratification by both countries.