11, 2017, the Ministry of Finance presented the Roadmap for the implementation of international standards of transparency and
exchange of information “Tax transparency: EOIR / AEOI CRS” in Ukraine.
The Global Forum,
of which Ukraine is a member since 2013, carries out in-depth monitoring and
peer review of the implementation of the internationally recognized standards
of transparency and exchange of information for tax purposes; namely, the standard of exchange of information on request (the EOIR standard)
and the standard of automatic exchange of financial account information (the
AEOI standard). As a member, Ukraine has committed to implement
avoidance and evasion threaten government revenues throughout the world.
Globalization generates opportunities for increasing global wealth but also
results in increased risks. With the increase in cross- border flows of capital
that come with a global financial system, tax administrations around the world
face greater challenges to the proper enforcement of their tax laws than ever
before. To address these challenges, tax authorities must increasingly rely on
international co-operation, enabled through the effective implementation of the
international standards of transparency and exchange of information.
tax scandals that have occurred over the past few years have revealed the depth
and extent of the problem - large volumes of funds are kept offshore and
tax-free. At present, countries in the world have united and developed a global
response to tax evasion. Ukraine should continue the implementation of the
standards of transparency and exchange of information in the near future. It is
for this purpose that we have prepared a clear action plan and we have to
Minister of Finance Oleksandr Danyliuk
information exchange is crucial to guarantee that corporate taxpayers and
individuals corporate and individual taxpayers do not have reliable
repositories to conceal their income and assets.
assessment round in Ukraine to be conducted by the OECD is scheduled for the
last quarter of 2018. For the first time, the practical implementation of
exchange of information will be assessed; also, Ukraine will be evaluated
according to the OECD ranking criteria.