On 18 August 2017 the Ukrainian Government approved the ratification of the Double Taxation Agreement (DTA) with Malaysia. The agreement was signed on August 4, 2016 during Ukrainian President Petro Poroshenko’s official visit to Malaysia.

Under the agreement the withholding tax rate on dividends is 5 percent if the beneficial owner is a company holding at least 20 percent of the paying company capital; 15 percent otherwise. The withholding tax rate on interest is 10 percent and the rate is 8 percent for royalties.  Once in force and effective, the new treaty will replace the existing DTA of 1987.