17 Nov 2022 10:31

Ukrainian Rada terminates Ukraine-Belarus agreement on avoiding double taxation

MOSCOW. Nov 17 (Interfax) - The Ukrainian Verkhovna Rada has terminated the agreement between the governments of Ukraine and Belarus intended to avoid double taxation and to prevent tax evasion.

A total of 304 Ukrainian MPs voted for the decision at the Rada's plenary session on Wednesday, Ukrainian media said, citing Golos faction member Yaroslav Zheleznyak.

The move to terminate his Ukrainian-Belarusian agreement has been prompted by Minsk's support of the Russian special operation in Ukraine.

The termination of the Ukrainian-Belarusian agreement on avoiding double taxation and preventing tax evasion will put an end to the application of norms regulating the income and property taxes and will expedite measures to curtail economic and financial ties with Belarus.

Once the agreement is terminated, the general tax rate of 15% will be applied to all incomes of residents of Belarus received from sources in Ukraine instead of the preferential 10% rate.