Ukraine’s Cabinet of Ministers approved on 18 September 2013 the signing of a draft agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital with Sri Lanka. They have authorized the Ministry of Finance to sign the draft tax treaty on Ukraine’s behalf.
The draft agreement follows the OECD model convention on the exchange of tax information and provides for tax dividends, interest and royalties at a rate of 10 percent. The agreement will enter into force after it has been finalized and ratified by both countries.
