Ukraine is expanding possibilities of the international exchange of financial account information. Such exchange will be carried out from 2027. 

Acting Head of the State Tax Service of Ukraine Lesya Karnaukh signed the Declaration on accession to the Addendum to the Multilateral Agreement of Competent Authorities on the Automatic Exchange of Financial Account Information (CRS Multilateral Competent Authority Agreement).

This is important step towards fulfilling Ukraine’s international obligations and transitioning to the updated Common Reporting Standard (CRS). Ukraine now has legal basis to exchange more detailed information on accountable financial accounts.

These are additional information elements that will increase efficiency of international tax cooperation and ensure greater transparency of financial transactions.

To implement the updated international standards, national legislation was brought into line with the updated version of the CRS Standard and requirements for due diligence of financial account information. These changes were approved by Order of the Ministry of Finance of Ukraine № 316 as of 15.06.2026.

Accession to the Addendum to the Multilateral Competent Authority Agreement on the Common Reporting Standard (CRS) also contributes to further harmonization of Ukraine’s tax legislation with that of the European Union. In particular, this step partially implements requirements of еру Council Directive (EU) 2023/2226 (DAC8) concerning administrative cooperation in the taxation sphere.

State Tax Service of Ukraine continues to work on increasing tax transparency and strengthening international partnership with jurisdictions that are participants in the CRS Multilateral Competent Authority Agreement.

Reference: 

CRS 2.0: Ukraine introduces new reporting rules for financial accounts