On November 12, 2026, the Verkhovna Rada of Ukraine adopted the Draft Law of Ukraine “On Ratification of the Convention Between the Government of Ukraine and the Government of Australia for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance and the Protocol Thereto” (Reg. No. 0382).
The ratification of the Convention and the Protocol thereto is aimed at developing economic relations between Ukraine and Australia, strengthening cooperation, and reducing tax barriers to foreign investment and trade. The need for such an international treaty arises from the fact that income derived by residents of Ukraine and Australia may be subject to taxation simultaneously in both countries.
The Convention and the Protocol are aimed at preventing tax evasion and avoidance, in particular through the improper granting of benefits provided for under the Convention.
The Convention sets out methods for the elimination of double taxation and provides for the exchange of tax information between the competent authorities of Ukraine and Australia. It also establishes a mutual agreement procedure that enables residents to contest actions taken by one of the Contracting States.
The entry into force of these international treaties will ensure the application of the rules on the taxation of income agreed upon by Ukraine and Australia and will contribute to the further development of bilateral economic cooperation and trade ties.