Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports entered into force

Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports entered into force on July 4, 2024 (hereinafter – Multilateral Agreement CbC, Agreement).

According to Paragraph 1 Section 8 of the Agreement in order to enter into force of Multilateral Agreement CbC, the State Tax Service of Ukraine on 03.07.2024 sent to the Secretariat of Coordinating Body of the Multilateral Agreement CbC (OECD Secretariat) a notification to the Agreement in accordance with list specified in this Paragraph. Secretariat of Coordinating Body confirmed receipt of notifications on July 4, 2024 and, according to provisions of Paragraph 3 Section 8 of the Agreement, posted Ukraine's notifications to the Multilateral Agreement CbC on the secured website of the Organization for Economic Cooperation and Development.   

As a part of implementation of domestic procedures aimed at entry into force of the Multilateral Agreement CbC, on August 27, 2024, the State Tax Service received a letter from the Ministry of Foreign Affairs of Ukraine about entry into force of the Multilateral Agreement CbC on July 4, 2024 and its inclusion in the Unified State Register of Regulatory Acts. 

For reference:

State Tax Service as a competent authority of Ukraine joined the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports on November 3, 2022. Information on the inclusion of Ukraine in the list of jurisdictions that have signed the Multilateral Agreement CbC is posted on the website of the Organization for Economic Cooperation and Development https://www.oecd.org/tax/beps/CbC-MCAA-Signatories.pdf