How will automatic exchange of tax information work?

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On March 20, 2023, Ukraine adopted the Law on Automatic Exchange of Tax Information. The automatic exchange of tax information provides that financial institutions of the countries participating in the CRS collect information on personal accounts of individuals and on corporate accounts of companies (CFC), and transfer this information to the tax service of their country.
Further, the tax service of the country of registration of the bank transfers financial information to the tax office of the country of registration of the company and the country of registration of the beneficiary.


Preparing for automatic exchange of tax information

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With all respects,
Team of "Pravova dopomoga" law firm
Publication date: 15/05/2023

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