The Parliament ratified the Multilateral (MLI) Convention, making possible to increase taxation of capital's shifting from Ukraine. On January 1, 2017 Ukraine joined the OECD Extended Cooperation Program and, thus, committed to implement the minimum standard of the Base Erosion and Profit Shifting (BEPS) action plan. The MLI is 15th action of the BEPS action plan, and its ratification allows to simultaneously amend all existing double taxation conventions with all the countries that have also agreed to change the respective treaties.
Experts of the Chamber Member Companies will continue their work on development of the world best practices in implementation of the plan to prevent base erosion and profit shifting. We would like to thank all the Chamber Members for their involvement and contribution.