The Albanese Government has signed Australia's first ever tax treaty with Ukraine.
More two‑way trade is in the interests of both Australia and Ukraine.
This tax treaty will strengthen economic ties between our two countries.
Once in force, the treaty will make it easier and more efficient for Australian and Ukrainian businesses to trade and invest in each other through reduced withholding tax rates.
The treaty will also improve certainty and reduce compliance costs for taxpayers.
A summary of the main features of the new treaty is available on the Treasury website.
Australia stands with Ukraine and will continue to provide strong support for as long as it takes.
The treaty complements Australia's strong military, humanitarian, economic and energy assistance to Ukraine, totalling over $1.5 billion to date.
It's another strong signal of Australia's steadfast support for Ukraine in the face of Russian aggression.
We'll continue to work with partners to help Ukraine achieve a comprehensive, just and lasting peace.
