REUTERS
The law also obliges the government together with the NBU to develop and submit to parliament a bill on international cooperation in the field of taxation.
The new Law "On Currency and Foreign Exchange Transactions" obliges the Cabinet of Ministers together with the National Bank to draft a bill on the implementation of a one-time declaration of individuals' assets.
"The Cabinet of Ministers of Ukraine together with the National Bank of Ukraine within six months from the date of entry into force of this law should develop and submit for consideration by the Verkhovna Rada of Ukraine a bill on the implementation of a one-time declaration of individuals' assets," according to the text of the law published on the parliament's website, which came into force, but will start operating from February 7, 2019.
The law also obliges the government together with the NBU to develop and submit to parliament a bill on international cooperation in the field of taxation.
Read alsoPoroshenko submits to Rada bill on replacing corporate profit tax
As UNIAN reported earlier, Ukraine joined the Organization for Economic Co-operation and Development in Europe (OECD) plan to combat tax evasion in 2017, pledging to implement its minimum standards.
On January 24, 2018, Ukraine failed to sign in Paris a multilateral convention on the implementation of measures to prevent tax evasion, the MLI (Multilateral Instrument), which, according to the Ministry of Finance, threatens to disrupt the implementation of the OECD plan and may lead to Ukraine being included in the EU's offshore list.
By June 30, 2018, Ukraine had to independently assess the state of compliance with the minimum standard of the BEPS action plan, and by the end of the year – meet the minimum standard.