On March 12, 2018 Minister of Finance of Ukraine Oleksandr Danyliuk and State Secretary of the Ministry of Finance of the Netherlands Menno Snel signed the Protocol Amending the Convention between Ukraine and the Kingdom of the Netherlands for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Property.
The Protocol will provide for avoidance of double taxation of individuals and entities on the territories of both nations. This will be achieved through allocation of taxing rights to Ukraine and the Netherlands depending on the location of tax occurrence and through accounting by each nation the taxes paid on the territory of the other nation.
During his visit to the Netherlands Minister Danyliuk also met Minister of Finance of the Netherlands Wopke Hoekstra. They discussed the Ukraine-IMF cooperation, the current status of reforms in Ukraine, i.a. in the context of reforming of the banking sector of Ukraine and the prospects of foreign investments into it.
During the visit Oleksandr Danyliuk also took part in the business seminar “Ukrainian Financial Analysis”, arranged by NGO «Rotterdam Partners» together with the Embassy of Ukraine in the Netherlands and representatives of the local business.
Oleksandr Danyliuk also had a meeting with Executive Director at the Board of the World Bank Group Frank Heemskerk.