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According to the head of the State Tax Service Oleksiy Lyubchenko, in three years Ukrainian companies have withdrawn $ 5 billion from Cyprus, $ 4 billion from the Netherlands, $ 3 billion from Great Britain and $ 2 billion from Germany.
For three years, $ 22 billion of taxes have been withdrawn in Ukraine, said the head of the State Tax Service Oleksiy Lyubchenko in an interview with Interfax-Ukraine, published on October 19.
“We recently had a conference on BEPS implementation (action plan to counteract erosion and benefit transfer. – “GORDON”). We have invited our colleagues from the competent authorities from Germany, the Netherlands, Great Britain, Cyprus, Switzerland, Austria, the United States, that is, those countries where most of our respected people have withdrawn money. In three years they have withdrawn $ 22 billion This issue deserves attention. Also, around $ 90 billion a year of controlled transactions that are subject to control, ”he said, without specifying which companies in question.
According to Lyubchenko, $ 5 billion of this amount was transferred to Cyprus, $ 4 billion to the Netherlands, $ 3 billion to the UK, $ 2 billion to Germany. Taxes paid of this amount $ 0.63 billion at an average rate of 2.8%, he said.
$ 10 billion out of $ 22 billion are dividends, said the head of the State Tax Service.
Since January 1, 2017, Ukraine has joined the international expanded cooperation program for the implementation of the BEPS action plan, in which more than 116 countries of the world participate today.
The implementation of the steps of the BEPS action plan is a prerequisite for the liberalization of foreign exchange regulation, in accordance with Ukraine’s obligations under the Association Agreement with the EU.
On January 16, the Verkhovna Rada adopted in second reading and as a whole, bill No. 1210 “On Amendments to the Tax Code in relation to improving tax administration, elimination of technical and logical discrepancies in tax legislation “, which provides for the implementation of the BEPS action plan, as well as the reform of the financial responsibility institution and improving the procedure for administration of taxes and fees.
Ukraine’s President Volodymyr Zelenskyy signed the document on May 21. It has already entered into force.
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