The pending protocol to the 2003 income and capital tax treaty between Ukraine and the United Arab Emirates was signed on 14 February 2021. The protocol is the first to amend the treaty and includes the following changes:
- The preamble is replaced in line with BEPS standards;
- Article 2 (Taxes covered) is updated in respect of Ukraine taxes to replace the "income tax on citizens" with the "personal income tax";
- The meaning of the term "competent authority" is updated in Article 3 (General Defi…