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Ukraine, Turkey sign protocol aimed at avoiding double taxation
Journal Staff Report

KYIV, Oct 10 Deputy Finance Minister Serhiy Marchenko and Turkish Economy Minister Nihat Zeybekci signed on October 9 a protocol introducing amendments to the intergovernmental agreement on avoiding double taxation, the Finance Ministry reported.

"The signing of this protocol is aimed at avoiding double taxation of income of individuals and legal entities that arise in the territories of both countries. This will be achieved both by distributing the right of taxation of certain types of income between Ukraine and Turkey, depending on the place of their origin, and by accounting in tax obligations of the taxpayer of one state of the amounts of taxes paid in the territory of another state," reads a statement posted on the website of the Ukrainian government.




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