ABSTRACT The article provides for concise yet instructive overview of the Ukraine's participation in the BEPS agenda. It examines the fulfillment of Ukraine's commitment to implement the anti-BEPS initiatives, as well as observes the way in which it was made. The article also provides for brief comments on potential effect the introduced changes might have on the existing tax practices exercised by Ukrainian enterprises and international businesses using Ukrainian jurisdiction. INTRODUCTION In 2013, Organization for Economic Cooperation and Development, jointly with G20 initiated Base Erosion and Profit Shifting (BEPS) Project aimed at tackling tax planning strategies that exploit loopholes and mismatches in international tax legislation to shift