The submission of notification Form 20-OPP is предусмотрено by paragraph 63.3 of Article 63 of the Tax Code of Ukraine, according to which a taxpayer is obliged to:

• register with the relevant controlling authorities at both the primary and non-primary place of registration;

• notify the controlling authorities at the primary place of registration about all taxable objects and objects related to taxation in accordance with the procedure for registering taxpayers.

A controlled foreign company (hereinafter referred to as CFC) is any legal entity registered in a foreign state or territory that is recognized as being under the control of an individual resident of Ukraine or a legal entity resident of Ukraine. A controlling entity is an individual or legal entity resident of Ukraine that is the direct or indirect owner (controller) of a CFC.

What is CRS and why is it implemented

CRS (Common Reporting Standard) is an international standard for the automatic exchange of financial information, approved by the Council of the Organization for Economic Cooperation and Development (OECD) on July 15, 2014

Yurydychna Hazeta has published the results of its annual ranking study “Client’s Choice – 2026. TOP-100 Lawyers of Ukraine”, as well as the TOP-30 list “Influence and Leadership”, which are formed based on client evaluations, professional reputation, and lawyers’ contribution to the development of the legal market.

When cooperating with lawyers, advocates or accountants businesses are increasingly faced with requirements to provide information on the ownership structure, ultimate beneficial owners, business purpose of transactions or origin of funds. Such requirements are often perceived as excessive, but they are a direct obligation of the subjects of primary financial monitoring established by the legislation of Ukraine.

May the coming year bring new opportunities, sustainable growth, and professional achievements. We wish you stability, success in every endeavor, and well-balanced decisions leading to tangible results. Thank you for your trust and fruitful cooperation. We highly value our partnership and the opportunity to support you with reliable legal expertise.