State Tax Service calls on financial agents to check submission of reporting on accountable accounts according to the CRS standard

State Tax Service of Ukraine recommends that financial agents check submission of reporting on accountable accounts under the Common Reporting Standard (CRS) for 2024. Deadline for submitting reports expired on June 30, 2025. 

For each calendar day of delay, a fine of 0.5 minimum wages is provided, but not more than 100 minimum wages.

Financial agents who have not submitted reports within the established deadline have opportunity to submit appropriate report, which will minimize risks of financial liability.

State Tax Service has a right to conduct in-place audits, particularly regarding the timeliness of submission of reports on accountable accounts by financial agents.

Reminder! Responsibility for untimely submission of reports lies directly on the financial agent. 

In case of questions regarding procedure for preparing or submitting reports, financial agents can contact the State Tax Service for consultation:

phone number: (044) 272 26 71; 

phone number: (044) 272 54 44;

phone number: (044) 279 79 91;

E-mail: crs.info@tax.gov.ua. 

For reference.

Article 39³ of the Tax Code of Ukraine – International automatic exchange of information and reporting on accountable accounts;

Paragraph 39³.4 Article 39³ of the Tax Code of Ukraine – Submission of report on accountable accounts;

Sub-paragraph 75.1.1 Paragraph 75.1 Article 75 of the Tax Code of Ukraine – In-place audits;

Paragraph 118¹.3 Article 118¹ of the Tax Code of Ukraine – Liability for late submission of the CRS reporting.