Ukraine is preparing to unveil banking secrecy, which is an important step in the country's financial policy. The First Deputy Minister of Finance, Denis Ulyutin, stated that this is decided in the National Revenue Strategy and will soon become a reality. The official explained that discussions are currently underway between the Ministry of Finance and the National Bank, and legislative initiatives on this issue are being prepared quite carefully.
'If we put forward this law with all the things we consider necessary, then this law would not even reach the committee'
Revealing banking secrecy should promote greater transparency in the country's financial system and combat tax evasion. The government also reminds citizens about the amounts that are now subject to tax service control.
Ukraine has decided to disclose banking secrets as part of the national revenue strategy, which will contribute to greater transparency in the country's financial system and limit tax evasion. Discussions are being held between the relevant institutions, and corresponding legislative changes are already being prepared.