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The Ministry of Finance approved the updated rules
The Ministry of Finance of Ukraine has approved a new edition of the Procedure for the Application of the General Standard of Reporting and Proper Verification of Information on Financial Accounts. The corresponding changes were made by the order of the Ministry of Finance No. 316 of June 15, 2026, and they will start to be applied from July 1.
The new standard takes digital financial instruments into account
The updated procedure is adapted to the CRS 2.0 international standard, which was developed by the Organization for Economic Cooperation and Development (OECD). The document takes into account the emergence of modern financial products, including electronic money, central bank digital currencies (CBDCs) and instruments related to virtual assets.
In addition, the changes are aimed at harmonizing Ukrainian legislation with European requirements, in particular the provisions of the DAC 8 Directive.
What changes are expected by financial institutions
For banks and other financial institutions, the new rules provide for an expansion of the list of information that must be collected and transferred within the framework of international tax exchange. Procedures for verifying clients' documents, self-certification rules, and clear definitions regarding electronic money and digital currencies are also being clarified.
What will change for business
For Ukrainian businesses, the implementation of CRS 2.0 should provide greater legal certainty when working with digital assets. The new rules are designed to minimize the risks of different interpretations of legislation and to facilitate the interaction of companies with foreign partners and investors.
Will the new rules affect citizens?
The Ministry of Finance emphasizes that the CRS 2.0 standard does not introduce new taxes and does not oblige citizens to submit additional declarations. Updates relate exclusively to the procedure for collecting and exchanging information between financial institutions.
At the same time, banks can ask their clients to update documents or confirm information necessary to meet the requirements of the international standard.
Ukraine strengthens international tax transparency
Implementation of CRS 2.0 is carried out with the support of the European Union Program for the Support of Public Finance Management in Ukraine. Earlier, the State Tax Service reported that it had already received data on more than 700 international groups of companies within the scope of Country-by-Country reporting and processed information received from 35 foreign partners for the 2024 fiscal year. The new rules should strengthen the efficiency of the international exchange of tax information and contribute to the fight against tax evasion.