The Ukraine parliament has approved the ratification of the pending income tax treaty with Japan on 5 June, 2024. It will come into effect 30 days after the exchange of ratification instruments, with application commencing from 1 January of the ensuing year.

The treaty seeks to eliminate double taxation with respect to taxes on income and the prevention of fiscal evasion and avoidance.

The agreement was signed on 19 February, 2024. It will replace the 1986 tax agreement between Japan and the former Soviet Union.