8 October 2024
“CRS: Information Exchange, How Can Ukraine Find Out About Accounts Abroad? Is it necessary to declare accounts?”

What is a CRS exchange? How can Ukraine find out about accounts abroad?
Discussed at the webinar with Yevhen Sarafanov, CEO and founder of LOCMAN ICS!

CRS (Common Reporting Standard) is an international standard developed by the Organization for Economic Cooperation and Development (OECD) for the automatic exchange of financial information between countries.
The main goal of CRS is to combat tax evasion and ensure transparency of financial assets. Banks and financial institutions are required to collect and report information about foreign clients’ accounts in their home countries, which then share this information with other participating countries.

To obtain a certificate of tax residency in another country and avoid double taxation, you should follow a few steps:
determine the country of residence, collect the necessary documents, contact the tax authority, fill out the necessary forms, obtain a certificate and submit it in the country where you plan to receive income.

We thank Yevhen for a lot of useful information!

Video from the webinar: https://youtu.be/yF-bSxbk-iY?si=cAqiarSfnbViK0cI

Також дивись
3D Maze Robot Competition in Ukraine Robo Intelligence

On May 27–28, the first-ever IEEE-standard 3D Maze Robot Competition in Ukraine — Robo Intelligence — took place at Odesa I. I. Mechnikov National University  with the support of Odesa […]

TECH WEEK IN ODESA — June 15–16

This summer, Ukraine’s tech community meets in Odesa. Two days of business, technology, AI, new partnerships, and the people shaping the future of the industry today. Together with Odesa IT […]

The second episode of the podcast is already on YouTube 🎙

And this turned out to be much more than just another conversation about IT. It’s the kind of discussion that stays with you long after it ends — making you […]

The Odesa IT Family team attended an event organized by the Odesa Regional Development Agency.

Thank you for a meaningful and practical discussion — exactly the kind of format where theory immediately connects with real business challenges. A few practical insights we took away: — […]

Subscribe to community news