Ukraine: The Ministry of Finance publishes a route map for the implementation of the BEPS Action Plan
On 16 May 2017, the Ministry of Finance published a route map for the implementation of the BEPS Action Plan and presented it to experts.
Minister of Finance Oleksandr Danyliuk said that the government must ensure that profit tax is collected where added value is generated and where business activity is pursued. They will be resisting deliberate profit shifting aiming to evade taxes in Ukraine.
On January 1, 2017, Ukraine joined the Extended Cooperation Program of the OECD and obliged itself to implement the so-called minimum standards of the BEPS Action Plan. The implementation of the minimum standards will enable Ukraine to effectively tackle aggressive tax planning, base erosion and profit shifting.