Politics

Ukraine ratifies agreement to avoid double taxation with Luxembourg


The Ukrainian parliament has ratified a convention between the governments of Ukraine and Mexico to avoid double taxation and prevent tax evasion regarding income taxes and property taxes.

Photo by AFP

Ukraine’s Verkhovna Rada has ratified the convention between the governments of Ukraine and Luxembourg on avoiding double taxation and preventing income and capital tax evasion (bill No. 0125).

An Interfax-Ukraine correspondent has reported that a total of 236 lawmakers backed the document on March 14.

“After analyzing transactions of economic entities we have come to the conclusion that Luxembourg is one of the centers of investment. The ratification of the agreement and protocol to avoid double taxation between the states is an important event for us,” Head of the profile parliamentary committee Nina Yuzhnina said.

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