Ukraine's State Fiscal Service (SFS) recently published guidance letter No. 79/6/99-99-15-02-02-15 concerning withholding tax on income of a non-resident from the sale of corporate rights. According to the letter, income paid from Ukraine sources from the sale of securities, derivatives, or other corporate rights are subject to the standard 15% withholding tax, which must be withheld by the Ukrainian resident paying the income (the tax agent). However, if a tax treaty is in effect between Uk…