🇺🇦 Ukraine: Tax authorities demand access to citizens' bank accounts

🇺🇦 Ukraine: Tax authorities demand access to citizens' bank accounts

Meanwhile, the Ukrainian Minister of Finance claims banking privacy is irrelevant.

➡️ "Banking secrecy protects thieves and criminals," the minister stated, emphasizing that as part of Ukraine’s European integration process, banking secrecy for tax authorities will be abolished.

➡️ It was clarified that tax inspectors will not have direct access to individuals’ financial data but will instead focus on analyzing large volumes of aggregated information.

It is worth noting that in February 2024, the National Bank of Ukraine had already proposed amendments to the "Rules for Storing, Protecting, Using, and Disclosing Banking Secrecy." This development, therefore, comes as no surprise.

#news #EasternEurope

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