It goes about increasing from 3 to 5 years the mandatory storage period of all primary documents, accounting registers, financial statements and documents related to the calculation and payment of taxes and fees, the maintenance of which is provided for by law.
Such a norm is contained in the government draft law No. 8131 adopted in the first reading, which is currently being prepared in the tax committee for the second reading.
At the working groups, the Ministry of Finance and the State Tax Service justify the extension of such a period by the need to fulfill Ukraine’s international obligations to provide tax information about our taxpayer for a 5-year period at the request of the tax authority of another country, and arguments regarding the need for a differentiated approach are not heard.
This is clear, it is about documents related to export or import operations, control over transfer pricing, activities of non-residents through permanent representative offices, controlled foreign companies, legal entities whose founders are non-residents, etc.