Monday, 12 April 2021, 13:16 MPs ratify protocol on avoidance of double taxation between Ukraine and Austria 16.12.2020 17:30 Ukrinform The Verkhovna Rada, Ukraine's parliament, has ratified the Protocol on Amendments to the Convention between the Government of Ukraine and the Government of Austria on Avoidance of Double Taxation and Prevention of Tax Evasion with respect to Taxes on Income and Capital Gains, the Ukrainian Finance Ministry's press service has reported. The Protocol amends the Convention in order to bring its provisions into line with the OECD Model Tax Convention on Income and on Capital and the latest OECD standards. The document provides, in particular, for an increase in the general tax rate on dividends from 10% to 15% and interest from 2% to 5%. Royalty tax rates were also increased: from 0% to 5% for the use of any copyright in scientific works, patents, etc., and from 5% to 10% for the use of copyright in literary works or works of art.