REUTERS
Ukraine's Finance Minister Markarova says that similar agreements with changes will be ratified with another nine countries.
Ukrainian President Volodymyr Zelensky has signed a bill into law to ratify a protocol amending the agreement between the governments of Ukraine and the Republic of Singapore to avoid double taxation and prevent evasion of taxation when income taxes are paid.
The document returned with the president's signature on February 3, according to an announcement on the Ukrainian parliament's website.
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Ukrainian Finance Minister Oksana Markarova, in turn, wrote on Facebook on February 4 that her ministry since August 2019 had prepared and ensured ratification by the parliament of protocols on amendments to agreements/conventions on avoiding double taxation with Switzerland, Turkey, the United Kingdom, Cyprus, and Malaysia. She also noted that Denmark, Austria, the UAE, Oman, Angola, Spain, Tunisia, the Netherlands and Montenegro were in line.
As UNIAN reported earlier, the Verkhovna Rada on January 14, 2020, ratified amendments to the agreement between the governments of Ukraine and Singapore on avoiding double taxation and preventing tax evasion regarding income taxes.
According to the text of the explanatory note, the need to conclude the protocol is explained by the fact that during the negotiations with Singapore, the sides agreed amendments that should be incorporated in the agreement.