State Tax Service transferred information on financial accounts to 97 partner jurisdictions and received relevant information from 83 jurisdictions based on the results of next reporting campaign on automatic exchange of information.
Automatic exchange of financial information allows Ukraine to receive information about financial assets of Ukrainian tax residents abroad from foreign competent authorities, and also ensures fulfillment of international obligations.
It is one of the key tools of international tax transparency and combating concealment of income and assets from taxation.
State Tax Service continues to implement international standards of tax transparency, strengthens cooperation with foreign competent authorities within framework of the CRS Multilateral Agreement and expands practical cooperation with foreign partners. Information obtained as a result of such exchange is used to increase level of voluntary fulfillment of tax obligations and protect economic interests of Ukraine.