Ukraine and United Mexican States to Avoid Double Tax
OREANDA-NEWS. October 15, 2012. The Convention and the Protocol are aimed at setting up a bilateral contractual base to avoid double taxation and prevent tax evasions with respect to taxes on income and estate between Ukraine and the United Mexican States.
The Convention will support the avoidance of double taxation, prevent tax evasion and bilaterally reduce tax barriers to outside investing and trading.
The Convention will guarantee that both countries’ business doers will not be liable to double taxation of their income gained from doing business in the other country, and income originated in that country and from sources in that country as dividend, interest and royalty. As also set by the Convention, one country’s businesses will be taxable in the other country under the same terms and conditions as the other country’s businesses.
Adopted, the Law of Ukraine “On Ratifying the Convention between the Government of Ukraine and the Government of the United Mexican States on Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Income Tax and Estate and Protocol Thereto” will prevent tax evasion and further extend Ukraine-Mexico economic relations.
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