{"id":164299,"date":"2019-01-26T16:00:17","date_gmt":"2019-01-26T14:00:17","guid":{"rendered":"https:\/\/eba.com.ua\/?p=164299"},"modified":"2019-02-13T16:09:28","modified_gmt":"2019-02-13T14:09:28","slug":"ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/","title":{"rendered":"[:en]Ukraine and Switzerland amend the agreement on the avoidance of double taxation[:]"},"content":{"rendered":"<p><\/p>\n<p>On 24 January 2019, Ukraine&#8217;s Minister of Finance and the President of Switzerland signed a Protocol on amendments to the <em>Convention between Government of Ukraine and Government of Switzerland on Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income and Capital<\/em> (the &#8220;<strong>Protocol<\/strong>&#8220;).<\/p>\n<p>The Protocol reportedly provides for the following amendments:<\/p>\n<ul>\n<li>sets a 5% withholding tax rate on interest and royalty (that previously was 0%);<\/li>\n<li>introduces new article on the mutual agreement procedure which allows for the use of arbitration;<\/li>\n<li>revises the article on exchange of fiscal information without reservation regarding national tax interests and banking secrecy; and<\/li>\n<li>addresses tax treaty shopping (Action 6 of the BEPS project) by introduction of the Limitation of Benefits (LOB) clause.<\/li>\n<\/ul>\n<p>Ukraine and Switzerland are yet to conduct all the necessary domestic procedures to ratify the Protocol, and the date of entry into force is difficult to predict. However, we do not expect that the Protocol will enter into force earlier than 1 January 2020.<\/p>\n<p>For more information on this Protocol and how it could affect your business, please contact our local experts.<\/p>\n<p><strong>Source: <\/strong><em>Information from Ministry of Finance of Ukraine from 24 January 2019 (in Ukrainian)<\/em><\/p>\n<p><strong><em><u>Authors<\/u><\/em><\/strong><strong><em>:<\/em><\/strong><\/p>\n<p><em>Anna Pogrebna , Partner, <a href=\"mailto:anna.pogrebna@cms-rrh.com\">anna.pogrebna@cms-rrh.com<\/a><\/em><\/p>\n<p><em>Andriy Sydorenko<\/em><em>,<\/em> <em>Associate, <a href=\"mailto:andriy.sydorenko@cms-rrh.com\">andriy.sydorenko@cms-rrh.com<\/a><\/em><\/p>\n<p><em>Olexander Martinenko, Senior Partner, <a href=\"mailto:olexander.martinenko@cms-cmno.com\">olexander.martinenko@cms-cmno.com<\/a><\/em><\/p>\n<p><em>Viktoriia Stavchuk, Associate, <\/em><a href=\"mailto:viktoriia.stavchuk@cms-cmno.com\"><em>viktoriia.stavchuk@cms-cmno.com<\/em><\/a><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>On 24 January 2019, Ukraine&#8217;s Minister of Finance and the President of Switzerland signed a Protocol on amendments to the Convention between Government of Ukraine and Government of Switzerland on Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income and Capital (the &#8220;Protocol&#8220;). The Protocol reportedly provides for the [&hellip;]<\/p>\n","protected":false},"author":4489,"featured_media":164300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ukraine and Switzerland amend the agreement on the avoidance of double taxation - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine and Switzerland amend the agreement on the avoidance of double taxation - European Business Association\" \/>\n<meta property=\"og:description\" content=\"On 24 January 2019, Ukraine&#8217;s Minister of Finance and the President of Switzerland signed a Protocol on amendments to the Convention between Government of Ukraine and Government of Switzerland on Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income and Capital (the &#8220;Protocol&#8220;). The Protocol reportedly provides for the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/\" \/>\n<meta property=\"og:site_name\" content=\"European Business Association\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-26T14:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-13T14:09:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2019\/02\/CMS_4_13022019.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Katia Chaikovska\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katia Chaikovska\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/\",\"url\":\"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/\",\"name\":\"[:en]Ukraine and Switzerland amend the agreement on the avoidance of double taxation[:] - European Business Association\",\"isPartOf\":{\"@id\":\"https:\/\/eba.com.ua\/#website\"},\"datePublished\":\"2019-01-26T14:00:17+00:00\",\"dateModified\":\"2019-02-13T14:09:28+00:00\",\"author\":{\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\"},\"breadcrumb\":{\"@id\":\"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/eba.com.ua\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ukraine and Switzerland amend the agreement on the avoidance of double taxation\",\"item\":{\"@type\":\"WebPage\",\"name\":\"[:en]Ukraine and Switzerland amend the agreement on the avoidance of double taxation[:]\"}}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eba.com.ua\/#website\",\"url\":\"https:\/\/eba.com.ua\/\",\"name\":\"European Business Association\",\"description\":\"We are looking for proactive business leaders, who shape the investment climate of Ukraine and ready to supervise the work of the largest and the most influential business-community of Ukraine \u2013 European Business Association!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eba.com.ua\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\",\"name\":\"Katia Chaikovska\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"caption\":\"Katia Chaikovska\"},\"url\":\"https:\/\/eba.com.ua\/en\/author\/katia-chaikovska-eba-com-ua\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"[:en]Ukraine and Switzerland amend the agreement on the avoidance of double taxation[:] - European Business Association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eba.com.ua\/en\/ukraine-and-switzerland-amend-the-agreement-on-the-avoidance-of-double-taxation\/","og_locale":"en_US","og_type":"article","og_title":"Ukraine and Switzerland amend the agreement on the avoidance of double taxation - European Business Association","og_description":"On 24 January 2019, Ukraine&#8217;s Minister of Finance and the President of Switzerland signed a Protocol on amendments to the Convention between Government of Ukraine and Government of Switzerland on Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income and Capital (the &#8220;Protocol&#8220;). 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