Japan, Ukraine to Revise Tax Treaty at Tokyo Conference; Govts Hope Treaty Encourages Japan Firms to Enter Ukraine Market
2:00 JST, February 18, 2024
Japan and Ukraine will discuss revising a bilateral tax treaty and reviewing an investment cooperation pact when the two countries meet for the Japan-Ukraine Conference for Promotion of Economic Growth and Reconstruction in Tokyo on Monday, according to a draft of a joint statement.
It is hoped that the revision and review will encourage Japanese companies to enter the Ukrainian market.
The revision of the tax treaty is expected to lower taxes imposed on Japanese companies in Ukraine, allowing those companies to be on equal footing with Western firms.
At the conference, the Japanese government intends to announce aid measures, which will be jointly implemented by both the private and public sectors in Ukraine.
The joint statement is expected to include promises that Japan will provide long-term assistance to help Ukraine’s economy and stability. It will also stipulate that the Japanese government will relax conditions for issuing business visas to Ukrainian company officials and set up a Japan External Trade Organization (JETRO) office in Kyiv.
The statement is also expected to urge the international community to offer assistance to Ukraine.
The current tax treaty is based on one signed by Japan and the then Soviet Union in 1986. The Japanese and Ukrainian governments have been holding talks to revise the treaty since March 2021.
The two governments are expected to sign the new tax treaty on Monday to coinside with the conference.
"Politics" POPULAR ARTICLE
-
Prime Minister Fumio Kishida Promotes Revised NISA Investment Program to Young People; Kishida Focusing on Moving Money From Savings to Investment in a Safe Environment
-
“High Probability” 2 MSDF Patrol Helicopters Collided near Torishima Island; 1 Dead, 7 Others Onboard Missing (Update 2)
-
84% of People Nationwide Say They Feel Japan’s National Security Is Under Threat
-
Russia to Ban Non-Registered Vessels from Waters Around Northern Territories From April 11 to 17
-
Japan-U.K. Foreign Ministers Confirm Deepening Cooperation in Security Field; Kamikawa Underscores Importance of NATO Ties
JN ACCESS RANKING
- Japan Household Spending Down 0.5% in Feb.
- China Mutes Memorialization of Reformer Hu Yaobang; Memories Could Spark Critique of Xi Administration
- Shinkansen Services Suspended After Man ‘Searches for Phone’ on Tracks; Disruption Affects About 14,000 Passengers
- U.S. 7th Fleet officer Arrested on Suspicion of Stealing Sushi, Sashimi, Chicken at Kanagawa Shopping Mall; Suspect Caught Mid-Meal
- UNRWA Director Describes Catastrophic Destruction in Gaza; Says Relief Trucks Robbed, ‘People’s Hearts Destroyed’