taxation

IMF clears $690M loan tranche for Ukraine

The International Monetary Fund and the Ukrainian government have reached an agreement on the first review of the $8.1 billion Extended Fund Facility (EFF) program, clearing the way for a $690 million in additional aid, the IMF announced on June 12.

13 June, 12:31 AM

Amazon refuses to collect VAT in Ukraine, complicating new online shopping tax law

Amazon does not see a path to becoming a VAT collector in Ukraine, said Nina Yuzhanina, a member of the Verkhovna Rada's Committee on Finance, Tax, and Customs Policy, as reported by Censor on May 11.

12 May, 11:20 AM

EBA backs abolishing parcel VAT exemption

The European Business Association (EBA) urged MPs to pass the controversial bill that would eliminate VAT exemptions for international parcels, the association said in a statement on April 30.

1 May, 12:07 AM

Budanov meets with Rada committee chairs ahead of tax bill vote

Presidential Office head Kyrylo Budanov met with the heads of parliamentary committees before the MPs gather to vote on key tax reforms, Ukrainian state news agency Ukrinform reported on April 6.

6 April, 08:28 PM

Ukraine splits tax push into three bills and drops VAT plan for sole proprietors

Ukraine’s Cabinet of Ministers plans to submit three separate bills on new taxes and try to persuade the IMF to drop its requirement to introduce VAT for individual entrepreneurs, lawmaker Yaroslav Zheleznyak of the Holos party said on Telegram, citing government sources.

30 March, 11:42 AM

Russia’s shadow economy fuels cash boom

About half of Russians have been asked to pay for goods or services in cash since the start of 2026, with one in three facing this request multiple times, The Moscow Times reported on March 18, citing the latest survey by the Institute of Psychology of the Russian Academy of Sciences (IPS).

18 March, 12:57 PM

Financial oversight body warns against hiking bank tax

Ukraine’s interagency Financial Stability Council concluded that raising the corporate profit tax for banks to 50 percent in 2026 poses significant risks to the financial system and key economic sectors, and could yield far smaller revenues than projected.

5 November 2025, 10:37 PM

Central bank governor slams plan to hike bank tax to 50% again

Ukraine’s central bank considers a proposal to raise the bank profit tax rate to 50% for a third consecutive year dangerous, warning it could undermine trust in the tax system and harm not only banks but the broader economy, Governor Andriy Pyshnyy said in an interview with Forbes Ukraine on Oct. 16.

17 October 2025, 03:49 PM

Ukraine begins taxing OnlyFans models, raising millions in fiscal revenue

Ukrainian OnlyFans models submitted nearly 800 income declarations as of June 1, reporting UAH362.8 million ($8.7 million) in foreign income, Ukraine’s State Tax Service said on June 10.

11 June 2025, 02:10 AM

Taxable retail revenue in Ukraine grew by 34% in 2024

Following several tax reform measures in 2024, taxable retail revenue across Ukraine grew by 34.1% from January to November, parliamentary Finance Committee Chair Danylo Hetmantsev announced on Dec. 11.

11 December 2024, 09:23 PM

Impact of tax changes on military pay in Ukraine

Recent changes in the taxation system during the period of martial law have raised the military levy from 1.5% to 5%. NV explores how these changes will impact the financial support for military personnel in Ukraine.

17 October 2024, 01:14 PM

Zelenskyy signs controversial bill increasing excise tax on fuel into law

Ukrainian President Volodymyr Zelenskyy has signed a bill increasing the excise tax on fuel into law. The document, numbered 11256-2, was signed retroactively, according to a statement by MP Yaroslav Zheleznyak in a Telegram post on Sept. 2.

2 September 2024, 11:49 AM

IMF endorses Ukraine’s tax hike

The Ukrainian government’s ability to boost tax revenues is important for maintaining Western financial aid to Kyiv, Gavin Gray, head of the IMF mission in Ukraine, said on Aug. 21.

22 August 2024, 02:06 AM

Taxpayer incentives bill advances in parliament

Ukraine’s parliamentary Finance Committee has recommended the parliament passes the so-called “White Hat Business Club” bill in its second reading, Yaroslav Zheleznyak MP said in a Telegram post on June 12.

12 June 2024, 09:50 PM

taxation