An illustration / REUTERS
The tax authorities of Ukraine and Qatar will be able to exchange tax information.
Ukraine and Qatar have signed an agreement on the avoidance of double taxation and the prevention of income tax evasion.
The agreement was signed by and Minister of Finance of the State of Qatar Ali Sharif Al Emadi and Ukraine's Minister of Foreign Affairs Pavlo Klimkin as part of Ukrainian President Petro Poroshenko's visit Qatar, the Ukrainian Finance Ministry's press service said.
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"Signing the agreement and the protocol to it is aimed at avoiding double taxation of income of individuals and legal entities in territory of both countries. This will be achieved both by dividing the right of taxation of certain types of income between Ukraine and the State of Qatar, depending on the place of their origin. Obligations of a taxpayer from one state will be taken into account in the amounts of taxes paid in the territory of the other state," it said.
The Finance Ministry noted that the agreement would also help prevent tax evasion, eliminate tax discrimination, create mechanisms to improve cooperation between the tax authorities of Ukraine and Qatar and let them exchange tax information.
As UNIAN reported, Ukraine and Qatar on March 20 signed an agreement on the mutual abolition of the visa regime.