The Ukraine Ministry of Finance announced on 29 December 2021 that the Cabinet of Ministers has approved a draft law amending the law for the ratification of the BEPS MLI. After the draft law is approved and enacted, Ukraine will need to submit a notification of the changes with the MLI Depositary. Details of the changes will be published once available.
Government Approved Amendments to the Law on Ratification of the Multilateral Convention MLI
Today the Cabinet of Ministers has approved a draft law prepared by the Ministry of Finance amending the Law of Ukraine "On Ratification of the Multilateral Convention on the Implementation of Measures Concerning Tax Treaties to Prevent Base Dilution and Profit Shifting" (MLI Multilateral Convention).
The purpose of this Draft Law is to comply with Ukraine's obligations under the Multilateral Convention MLI in terms of updating the list of notifications and reservations of Ukraine in connection with the entry into force of several Protocols amending the international treaties of Ukraine on the avoidance of double taxation.
The changes were made:
The Multilateral Convention (MLI - Multilateral Instrument) is a multilateral treaty developed by the Organization for Economic Cooperation and Development to combat tax base dilution and withdrawal of profits from taxation, ratified by the Parliament of Ukraine on February 28, 2019, and entered into force for Ukraine from December 1, 2019.