Australia: New tax treaty negotiation program with Ukraine and Brazil
The federal government announced that it will be expanding its tax treaty negotiation program.
New tax treaty negotiation program with Ukraine and Brazil
The federal government announced that it will be expanding its tax treaty negotiation program to work towards its first tax treaties with Ukraine and Brazil, and to update treaties with New Zealand, the Republic of Korea, and Sweden.
According to the Assistant Minister for Competition, Charities and Treasury, the Ukraine tax treaty underscores the government’s support for Ukraine, and the Brazil tax treaty will feature integrity measures to reduce tax evasion.
Work on the expanded tax treaty program is scheduled to run for four years, commencing this financial year, and will add to Australia’s existing tax treaty program which concludes in 2027.
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