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It is registered

Ministry of Justice of Ukraine

September 14, 2023

No. 1618/40674

ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of August 30, 2023 No. 468

About approval of the Procedure for registration and removal from accounting of financial agents which are accountable financial institutions for the purposes of the multilateral agreement of competent authorities about automatic exchange of information about financial accounts and the general standard of the reporting and proper verification of information on financial accounts

(as amended of the Order of the Ministry of Justice of Ukraine of 20.09.2023 No. 505)

According to subitem 39-3.3.3 of Item 39-3. 3 Articles 39-3 of the Section I of the Tax code of Ukraine, the subitem 5 of item 4 of the Regulations on the Ministry of Finance of Ukraine approved by the resolution of the Cabinet of Ministers of Ukraine of August 20, 2014 No. 375, for the purpose of ensuring accomplishment of the multilateral agreement of competent authorities about automatic exchange of information about financial accounts of PRIKAZYVAYU:

1. Approve the Procedure for registration and removal from accounting of financial agents who are accountable financial institutions for the purposes of the multilateral agreement of competent authorities about automatic exchange of information about financial accounts and the general standard of the reporting and proper verification of the enclosed information on financial accounts.

2. In accordance with the established procedure to provide to department of the international taxation of the Ministry of Finance of Ukraine:

submission of this order on state registration in the Ministry of Justice of Ukraine;

promulgation of this order.

3. This order becomes effective from the date of its official publication.

4. To impose control over the implementation of this order on the Deputy Minister of Finance of Ukraine Vorobey S. I. and Chairman of the State Tax Administration of Ukraine.

Minister

S. Marchenko

 

It is approved:

Acting Chairman of the State Tax Administration of Ukraine

 

T. Kiriyenko

First Deputy Minister of digital transformation of Ukraine

O. Vyskub

Approved by the Order of the Ministry of Finance of Ukraine of August 30, 2023, No. 468

Accounting treatment and removals from accounting of financial agents which are accountable financial institutions for the purposes of the multilateral agreement of competent authorities about automatic exchange of information about financial accounts and the general standard of the reporting and proper verification of information on financial accounts

I. General provisions

1. This Procedure determines the mechanism of registration of financial agents who are accountable financial institutions for the purposes of the multilateral agreement of competent authorities about automatic exchange of information about financial accounts and the general standard of the reporting and proper verification of information on financial accounts, their removal from accounting and modification of the data received for their accounting according to this Procedure.

2. For the purposes of this Procedure the terms "Accountable Financial Institution", "Financial institution", "Financial Institution of Ukraine", "Depository institution", "Custodial Organization", "Certain Insurance Company", "Investment company", "Organization", "Financial Account" and "Accountable Account" are used in the values given in the Section II of the Procedure for application of the general standard of the reporting and proper verification of information on financial accounts (Common Standard on Reporting andDueDiligencefor Financial Account Information) approved by the order of the Ministry of Finance of Ukraine of May 26, 2023 No. 282, registered in the Ministry of Justice of Ukraine on June 29, 2023 at No. 1090/40146 (further - the Procedure for application of the general standard of the reporting of CRS). The term "tax number" is used in the value given in subitems 2. 2, 2.4 Sections II of the Accounting treatment for taxpayers and charges approved by the order of the Ministry of Finance of Ukraine of December 09, 2011 No. 1588, registered in the Ministry of Justice of Ukraine on December 29, 2011 at No. 1562/20300.

3. All financial agents, being Accountable Financial Institutions are subject to registration in GNS (further - PFU). Capture of PFU on accounting in GNS is performed irrespective of availability at PFU of Accountable Accounts in the accounting period.

4. Information on PFU obtained for their accounting according to this Procedure is introduced in the list of Accountable Financial Institutions (further - the List of PFU).

5. The list of PFU conducts GNS. Capture of PFU on accounting, their inclusion in the List of PFU, modification of data on PFU in the List of PFU and removal of PFU from accounting with their exception of the List of PFU is performed by GNS electronically with use of means of electronic communication.

II. Procedure for registration, removal from accounting of PFU and modification of data on PFU

1. PFU is registered, concerning PFU changes are made to the List of PFU and PFU it is struck off the register based on the corresponding statement which form is given in appendix 1 to this Procedure.

2. Submits the application for registration (the applicant is):

1) the financial institution of Ukraine which stays on the registry as the taxpayer in monitoring bodies has tax number and will submit reports on accountable accounts pro se independently;

2) the company on asset management for each institute of joint investment which corresponds to determination of "Accountable Financial Institution" and which assets the company on asset management manages;

3) the financial institution of Ukraine which according to the law or the agreement is authorized or shall submit the reporting from name or concerning partnership, trust or other organization, not being the legal entity, but is Accountable Financial Institution.

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