On 17 October 2025, on the sidelines of the World Bank Annual Meetings in Washington, D.C., Ukraine and Australia signed a bilateral agreement on the avoidance of double taxation and the prevention of fiscal evasion.

The Agreement marks an important milestone in the development of Ukraine-Australia economic relations and is aimed at facilitating trade, investment, and broader economic cooperation between the two countries.

Once ratified, the Agreement will create more favourable and transparent tax conditions for both businesses and individuals, reducing tax barriers and encouraging increased economic activity. It is also expected to open new opportunities for Australian companies to participate in Ukraine’s recovery and reconstruction, while simplifying access for Ukrainian businesses entering the Australian market.

The Agreement was signed by the Minister of Finance of Ukraine, Sergii Marchenko, and the Treasurer of Australia, the Hon Dr Jim Chalmers MP.

This development reflects the shared commitment of Ukraine and Australia to deepen bilateral cooperation, promote economic growth, and strengthen long-term partnership between the two countries.