On September 2, Minister of Finance Serhiy Marchenko signed a Protocol between the Government of Ukraine and the Government of the State of Qatar amending the Agreement on Avoidance of Double Taxation and Prevention of Tax Evasion with Respect to Taxes on Income (hereinafter - the Protocol, the Agreement).

„I am pleased to note that cooperation between Ukraine and Qatar is actively expanding in various spheres. The signing of this Protocol will be an additional impetus for the development of bilateral relations,“- Serhiy Marchenko stressed during the meeting.

The said Protocol amends the Agreement in order to bring its provisions in line with the OECD Model Convention.

In particular, the Protocol provides:

• extension of the provisions of Article 25 of the Agreement „Mutual Conciliation Procedure“, according to which any agreement reached by the competent authorities of Ukraine and Qatar under the mutual agreement procedure should be implemented notwithstanding any time limits provided by the national legislation of the Contracting States;
• supplementing Article 26 of the „Information Exchange“ Agreement with a provision providing for the expansion of the capacity of the competent authorities of Ukraine and Qatar to use the information obtained, subject to the permission of the relevant competent authority that provided the information;
• a new version of Article 28 of the „Right to Benefit“ of the  Agreement, which limits the application of the preferential provisions of the Agreement if the main purpose is to obtain such benefits.
• the subjects of implementation of the Protocol are the Ministry of Finance of Ukraine and the State Tax Service of Ukraine.

Reference source: Дія.Бізнес.Експорт