Ukraine’s parliament passed draft legislation approving the ratification of the income tax treaty with Australia, which aimed to eliminate double taxation, prevent tax evasion and strengthen bilateral economic cooperation.
The Ukrainian parliament passed draft Law No. 0382 on 12 November 2026, approving the ratification of the “On Ratification of the Convention Between the Government of Ukraine and the Government of Australia for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance and the Protocol Thereto” (Reg. No. 0382).
The Convention and its Protocol aim to strengthen economic relations between the two countries, improve cooperation, and reduce tax barriers to foreign investment and trade. They also address the risk of income being taxed in both countries when earned by residents of Ukraine and Australia.
The agreements seek to prevent tax evasion and avoidance, particularly the improper granting of treaty benefits.
The Convention provides methods for eliminating double taxation, enables the exchange of tax information between the competent authorities of both countries, and establishes a mutual agreement procedure through which residents can challenge actions taken by either Contracting State.
Once in force, the agreements will establish the agreed rules for taxing income and support further bilateral economic cooperation and trade.
