Good day!
This order of the Ministry of Finance of Ukraine introduces amendments to the previous order, which regulates the procedure for filling out and submitting by financial agents a report on reportable accounts in accordance with the Agreement between Ukraine and the USA to Improve International Tax Compliance (FATCA). The changes concern the clarification of wording in the preamble and directly in the text of the order, as well as the exclusion of inaccuracies in one of the points.
Structurally, the order consists of five points. Point 1 amends Order No. 673 of December 30, 2015, in particular to the preamble and subparagraph 1 of point 1. Point 2 amends the Changes to the Procedure for Filling Out and Submitting a Report on Reportable Accounts. Points 3, 4 and 5 define the procedure for state registration and publication of the order, the date of entry into force and those responsible for monitoring implementation.
The most important provisions of this order are the amendments to the procedure for filling out and submitting a report on reportable accounts, as they directly affect financial agents who are required to submit such reports in accordance with the FATCA Agreement.
