SHOULD A LEGAL ENTITY – RESIDENT REPORT TO THE TAX AUTHORITIES OF UKRAINE ABOUT ITS CORPORATE RIGHTS ABROAD? DURING WHAT TERM?

An individual –  resident of Ukraine or a legal entity –  resident of Ukraine is obliged to inform the supervisory body about:

• each acquisition of a share in a foreign legal entity or the beginning of actual control over a foreign legal entity, which leads to the recognition of such a natural (legal) entity as a controlling entity;
• establishment, creation or acquisition of property rights to a share in assets, income or profit of an entity without the status of a legal entity;
• each alienation of a share in a foreign legal entity or termination of actual control over a foreign legal entity, which leads to the loss of recognition of such a natural (legal) entity as a controlling entity;
• liquidation or alienation of property rights to a share in assets, income or profit of an entity without the status of a legal entity.

The notification is sent to the supervisory authority within 60 days from the date of such acquisition (start of effective control) or alienation (termination of effective control).

The form and procedure for sending such a notification are established by the central executive body, which ensures the formation and implementation of state financial policy.