Practical issues in the interpretation of certain terms of the Common Standard on Reporting and Due Diligence for Financial Account Information are explained in Newsletter № 5/2023.

Newsletter contains the following information:

- legal basis for implementation of the Common Reporting Standard CRS;

- permissible deviations from text of the standard during its implementation in Ukrainian legislation;

- determination of the range of organizations that are accountable financial institutions and to which requirements of Article 39-3 of the Tax Code of Ukraine apply;

- unaccountable financial institutions;

- financial accounts;

- excluded accounts, etc.

Read the Newsletter here. 

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