The delegations from Australia and Ukraine convened for the inaugural round of negotiations on an income tax treaty from 8 October to 11 October 2024.
The agreement will eliminate double taxation concerning taxes on income, capital, fringe benefits, and withholding tax without creating opportunities for non-taxation or reduced taxation through tax evasion or avoidance between the two countries.
If an income tax agreement results from this negotiation, it will be the first between the two nations and must be finalised, signed, and ratified before it can take effect.
