Ukraine Parliament Considers Bill on Automatic Exchange of Information, Taxation of Income From Digital Platforms

The Ukrainian Parliament (Verkhovna Rada) April 3 accepted for consideration Bill No. 15111-1, on the introduction of the automatic exchange of financial account information (AEOI) on income from digital platforms, based on the OECD Model Rules and Directive 2021/514/EU (DAC7), and the taxation of such income. The bill includes measures to: 1) implement the Multilateral Competent Authority Agreement (MCAA) on AEOI on income derived through digital platforms (MCAA-DPI) by requiring account platform operators, including various nonresidents, to register, apply due diligence procedures to identify sellers, and annually report sellers’ income; 2) introduce a special individual income tax regime for individuals ...