Ukraine has signed numerous Double Taxation Treaties (DTT) with countries in Europe and all over the World. This promotes good business and contributes to the overall growth of the economy. This text will discuss some of the articles incorporated under the Ukrainian double taxation agreements.
What is a Double Taxation Treaty
Ukraine has the second-largest joint border with the EU and accounts for 0.9% of important imports from non-EU countries. The country also offers a market of over 44 million consumers and 70% of its land is made up of the most fertile soil in Europe. The possibility for greater trade and economic prosperity between Ukraine and the EU is high but Ukraine will have to significantly improve its poor business environment.