Provisions of Article 392 of the Tax Code of Ukraine (hereinafter – Code) according to the Law of Ukraine as of 17.12.2020№ 1117-IX “On amendments to the Tax Code of Ukraine and other laws of Ukraine to ensure collection of data and information required for declaring certain taxation objects” come into force starting from 01.01.2022.
Sub-paragraph 392.6.3 Paragraph 392.6 Article 392 of the Code determines that if any regulatory authority, other public authority, bank or financial institution revealed facts indicating the possession of share in a foreign legal entity belonging to individual – resident of Ukraine, such authority, bank or financial institution is obliged to send notification regarding this fact to the central body of executive power that implements state tax policy.
In order to simplify the information process and a unified approach to provided information, the State Tax Service has developed a sample form of Notification of fact, which indicates the possession of share in a foreign legal entity belonging to individual – resident of Ukraine (hereinafter – Notification).
Notification is:
submitted for each fact separately;
sent not later than 5 working days from the revealing date of relevant facts;
submitted by electronic communication means in the electronic form in compliance with requirements of the Law of Ukraine “On electronic documents and electronic document management” and the Law of Ukraine “On electronic trust services”.
Creating electronic form of Notification, the reporting period is a month when Notification is sent.
At the same time please note that sample form of Notification in the electronic form is posted on the web portal of the State Tax Service (tax.gov.ua) at the link: Home / DIRECTORIES, REGISTERS, LISTS / REGISTERS / Register of forms of electronic documents.