Many IT specialists, engineers and other professionals who left Ukraine in 2022 were stumped with the possibility to be taxed both in Ukraine and in another country where they reside or open an individual entrepreneur and bank accounts.
The law firm “Zilver” receives many questions about whether there is already an automatic exchange of information between banks and tax authorities in Ukraine and other countries.
As of January 08, 2023, there is still no automatic exchange of information between the tax authorities of Ukraine and other countries. Information can be transmitted only on individual requests. In Ukraine, the draft law on the automatic exchange of information on taxpayers has just been adopted as a basis, there will be a second reading in the parliament. Taking into account the bureaucratic procedures of lawmaking and the need to provide the tax service with the necessary tools, most likely, in 2023, the automatic exchange of information between the tax authorities of Ukraine and other countries will not be put into effect in practice. Closer to 2024, this issue may become relevant, we will follow the changes in the legislation and inform you.