Ukraine's Ministry of Finance issued a release on 4 October 2022 announcing that the Cabinet of Ministers has approved a bill for the termination of the 1993 income and capital tax treaty with Belarus. The release also notes certain consequences of the termination, including that the domestic withholding tax rate of 15% will apply on payments to Belarus, instead of the preferential treaty rates. Further, losses to the Ukraine budget will be prevented given that Ukraine will no longer be requ…