On 27 July 2016, the Ukraine Ministry of Finance announced that the government has authorized the signature of an income tax treaty with Malaysia. According to the announcement, the treaty will provide for the following withholding tax rates:

• Dividends - 5% if the beneficial owner is a company holding at least 20% of the paying company's capital; otherwise 15%
• Interest - 10%
• Royalties - 8%

T…