Ukraine to strengthen cooperation with U.S. Internal Revenue Service (IRS).

Monday, September 6, 2021

It intends to develop the electronic exchange of tax information with the IRS. This was announced following a meeting in Washington between First Deputy Prime Minister, Economy Minister Oleksiy Liubchenko, and the IRS management, the Economy Ministry’s press service reported. “The importance of such an exchange is difficult to overestimate, because, for example, transfer pricing rates cover transactions worth almost $3.5 billion with 152 U.S. counterparties,” Liubchenko said. He also emphasized the need to exchange experience in the field of tax investigations.

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