Certification of CFC Financial Statements: Rules and Requirements
Certification of CFC Financial Statements: Rules and Requirements
According to subparagraph 392.5.2 of paragraph 392.5 of Article 392 of the Tax Code of Ukraine, there are no specific rules for certifying CFC documents. However, it is important to follow the document formatting standards defined by the national standard DSTU 4163:2020.
Electronic Document Management
Electronic document management between the taxpayer and the controlling authority must comply with the requirements of Ukrainian legislation on electronic documents and electronic document management, including the use of a qualified electronic signature.
Electronic Document Completion Process
The process of creating an electronic document is completed by applying an electronic signature, which is equivalent to a handwritten signature in accordance with Law No. 2155. Such a document is considered duly certified and has legal force.
Submission of Certified Financial Statements
The controlling person must submit copies of the CFC financial statements, certified in accordance with DSTU 4163:2020, together with the Report via electronic communication. This ensures the legal force of the document.
Additional Information
For further clarification, please refer to Individual Tax Consultation No. 676_IPC_99-00-21-02-03 IPC dated 02.09.2024.
For additional consultation and support in the process of certifying CFC financial statements, please contact the “Zubrytska Accounting Clinic” at https://expertz-ua.eu/.
