The Verkhovna Rada of Ukraine ratified the Double Taxation Convention with the representative of the Grand Duchy of Luxembourg. 236 Ukrainian MPs supported the bill.
The bill #0125 on Ratification of the Convention between the government of Ukraine and the government of the Grand Duchy of Luxembourg on avoidance of double taxation and preventing tax avoidance.
Thus the entrepreneurs of both countries shall get their profit shall not be liable to dual taxation. Apart from that the Convention aims to prevent evasion of the taxes.