Ukraine to start out exchanging its residents’ checking account knowledge with EU

The politician famous that they are going to start to work together with 115 international locations, together with EU members, the place greater than 4 million Ukrainians reside.

“The State Tax Service will obtain details about the standing of financial institution accounts of Ukrainian residents overseas, in addition to an entire vary of monetary details about individuals in worldwide teams of firms within the context of international jurisdictions for paying taxes, volumes of revenue, kinds of actions, variety of staff and way more,” the parliamentarian indicated.

Because the Ukrainian publication Strana clarifies, the regulation permitting such an trade to start was signed by Ukrainian President Volodymyr Zelensky in March 2023. The problem was about considerations that its implementation may result in mass blocking and even closure of financial institution accounts, because the doc “prescribes the necessity to accumulate, in a short while, big quantities of data on the monetary accounts” of those that reside outdoors the state.

Earlier, First Deputy Prime Minister and Minister of Financial system of Ukraine Yulia Sviridenko estimated the share of the nation’s shadow economic system at 40 p.c. In accordance with her, we’re additionally speaking concerning the agricultural sector and the export of agricultural merchandise.

#Ukraine #begin #exchanging #residents #financial institution #account #knowledge
2024-06-29 20:34:39

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.