Ukraine plans to revise bilateral tax agreements, Correspondent.net reports.
Within deoffshorization Ukraine plans to revise bilateral tax agreements, Minister of Finance Alexander Danyliuk wrote in his Facebook.
“Currently three such agreements between Ukraine and states correspond to them. In addition, we will improve the rules of transfer pricing and relevant reporting”, Danyliuk said.
He noted that first of all the work will be aimed at Ukraine’s joining the Multilateral Data Exchange Agreement, which will allow to rapidly exchange financial accounting data and to efficiently prevent tax evasion.
It is also planned to gradually revise Ukraine’s Bilateral Double Taxation Agreements in compliance with principles of the Organization for Economic Cooperation and Development (OECD).
Previously President Petro Poroshenko stated that the first step in fighting with offshores should be Ukraine’s joining the Convention on Ensuring Access of Ukraine to Non-Residents Accounts.
