№ 2/2021

Fìnansi Ukr. 2021 (2): 85–97https://doi.org/10.33763/finukr2021.02.085

ACCOUNTING AND TAXATION

OLIYNYK Yana ¹, KUCHERIAVA Maria ²

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/
²SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0003-2948-1234

Assessment of Ukraine’s readiness for international automatic exchange of information for tax purposes

The implementation of a constituent element of a three-tier model of transfer pricing documentation – a report in the context of the countries of the multinational group of companies – is a prerequisite for Ukraine's joining the Multilateral Competent Authority Agreement as a measure for implementation of Action 13. The Ministry of Finance of Ukraine, together with the State Tax Service of Ukraine, developed a Roadmap on preparation and harmonization of the draft regulatory legal acts necessary to ensure implementation of the Law of Ukraine dated January 16, 2020 No. 466-IX, according to which the development, approval and registration of the regulatory legal acts for the country-by-country reporting and the procedure for filling it out must be completed until November 23, 2020. The purpose of the article is to determine the institutional basis for improving the legislation of Ukraine in the field of international exchange of information for tax purposes, in particular, the development of recommendations and proposals of the OECD in the field of country-by-country reporting of the multinational group of companies. In the course of study, the authors examined the OECD documents that form the institutional basis for the development of methodological and organizational support for reporting in the context of countries. In accordance with Action 13 of the BEPS Action Plan, jurisdictions of the world have undertaken to increase the transparency of taxation by enshrining in law the requirement to disclose information on the general distribution of their income, taxes and other indicators by the location of economic activity of multinational group of companies. The comparative analysis of the terminology and content of information to be disclosed in the country-by-country reporting in accordance with OECD documentation and Law № 466-IX shows that there is a discrepancy in terminology, indicators and degree of data disclosure in some indicators.

Keywords:BEPS, transfer pricing; three-tiered approach to transfer pricing documentation, Country-by-Country reporting, OECD, International Automatic Exchange of Information for Tax purposes, fiscal risks of tax avoidance

JEL: H20, H21, M40, M48

OLIYNYK Y. . Assessment of Ukraine’s readiness for international automatic exchange of information for tax purposes / Y. . OLIYNYK , M. Kucheriava // Фінанси України. - 2021. - № 2. - C. 85-97.

Article original in Ukrainian (pp. 85 - 97)

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