REGULATORY AND LEGAL SUPPORT FOR THE EXCHANGE OF TAX INFORMATION IN UKRAINE WITHIN THE FRAMEWORK OF INTERNATIONAL LEGAL COOPERATION

Abstract

Key trends in the formation of the legislative framework for the exchange of tax information in Ukraine are considered. The regulatory and legal framework forms a comprehensive mechanism for the international exchange of tax information, aimed at ensuring the completeness of taxation and combating tax evasion. This area of international legal relations is constantly developing under the influence of global economic changes. A large amount of personal data and trade secrets are transferred within the framework of the exchange; therefore, it is important to study administrative and legal mechanisms that would ensure the confidentiality of information and protection from unauthorized access to it. It is shown that one of the basic elements of the regulatory and legal framework for the exchange of tax information are bilateral agreements on the avoidance of double taxation between Ukraine and other countries of the world. Ukraine uses a combined approach, implementing elements of both the OECD Model Convention and the UN Model Convention. This allows Ukraine to more effectively cooperate with international partners and combat tax abuse. The key provisions regulating the sphere of legal relations between various tax jurisdictions and their supervisory authorities in Ukraine are recorded in the Tax Code. Ukraine, as a member of the Global Forum on Transparency and Exchange of Information, taking into account the further intensification of European integration processes, has undertaken to implement international standards of transparency, reporting and information exchange in its legislation. It is concluded that the regulatory and legal framework of Ukraine is being formed under the influence of global standards that determine the procedures for exchanging tax information in various formats. It is noted that today Ukraine has formed a regulatory and legal framework for exchanging information in a sufficient volume. This is confirmed by the practice of exchange and its fiscal results. At the same time, it should be noted that the prospects for the development of the regulatory and legal framework for exchanging tax information in Ukraine lie in further integration with international standards of tax transparency, improvement of domestic legislation to ensure automatic data exchange and expansion of the areas of such exchange.