The State Tax Service (SST) reported receiving a positive assessment from the OECD Global Forum regarding the maturity of the information security management system. This gives tax authorities access to the bank accounts of Ukrainian citizens abroad.
The details of the report are published on the official portal of the DPS. It is about the "Report on the maturity of the information security management system in Ukraine and the exchange of information for tax purposes".
The Chairman of the Tax Committee of the Verkhovna Rada, Danylo Hetmantsev, noted that this actually means that the DPS will soon have access to information on bank accounts of residents of Ukraine outside the country, as well as to other financial data of members of international groups of companies, in particular:
- payment of taxes;
- income volumes;
- types of activities;
- number of employees;
- other information.
The DPS said that the assessment was conducted in several stages starting in 2019, and the final stage took place from December 11 to 14 last year. Particular attention was paid to the processes of information exchange, privacy protection, risk management, issues of logical and physical access control, as well as approaches to ensuring cyber security.
The DPS press service also reported that the implementation of the Common Reporting Standard (CRS) and the Country-by-Country Reporting (CbCR) standard is coordinated by the OECD Secretariat. A mandatory step towards the implementation of automatic information exchange is the joining of the competent authority to the Common Data Transfer System (CTS), which is used by jurisdictions for the secure exchange of information according to the CRS and CbCR standards.
Today, about 115 jurisdictions are participants in international multilateral automatic data exchange. Ukraine plans to launch an automatic exchange of information with other states in September this year.
