Tax changes. What IMF requirements Ukraine has committed to adopt and by when
27 February 14:13
By the end of March 2026, Ukraine must adopt a package of tax changes specified in the IMF memorandum. This was written on Telegram by Yaroslav Zheleznyak, a member of parliament from the Voice party, according to "Komersant Ukrainian".
According to him, Kyiv has committed to adopting decisions on:
- taxing income received through digital platforms;
- canceling the tax exemption on imports in low-value postal items up to €150;
- permanently introducing an increased military tax of 5%.
“Ukraine must abolish the VAT exemption for sole proprietorships exceeding the general VAT registration threshold from January 1, 2027. The threshold itself is planned to be moderately increased, but so that it does not exceed UAH 4 million,” Zheleznyak emphasizes.
In addition, according to the MP, it is necessary to submit amendments to the Tax Code to Parliament (as specified in MEFP 25), in particular to harmonize transfer pricing rules with OECD standards and implement Article 4 of the EU Anti-Tax Avoidance Directive (ATAD).
The signatories of the document—President Volodymyr Zelensky, Prime Minister Yulia Svyrydenko, Finance Minister Serhiy Marchenko, and NBU Governor Andriy Pyshnyy—have assumed obligations to the IMF.
Also, by the end of June 2026: an updated strategy for state-owned banks must be approved, taking into account privatization goals and how the guarantees provided for in Article 7 of the Law “On Banks and Banking Activities” can be extended to all majority-owned systemic state-owned banks
In addition, a system for supervising the risks of critically important third parties must be implemented (by entering into force).
In addition, the NACP should issue new regulations establishing a risk-based system for verifying asset declarations, giving priority to senior officials in specific high-risk areas
“By the end of July 2026, it is necessary to publish a technical analysis with a quantitative assessment of the costs of current quasi-fiscal activities in electricity, gas, and heat supply, the distribution of existing subsidies, and fiscally sustainable reform scenarios to achieve gradual cost recovery. This should be done while ensuring adequate protection for vulnerable consumers and reflecting the conclusions of the IMF’s technical assistance to the Ministry of Energy,” the MP wrote.
And by the end of the year, according to Zheleznyak, should create a design for a centralized data repository for tax and customs administration (MEFP ¶28). (Sector: Fiscal, Management)
It is also necessary to strengthen the structures and decision-making processes of the NSSMC (National Securities and Stock Market Commission) by amending the relevant law. This is necessary to bring management into line with the Constitution and to introduce a two-tier management structure that includes a supervisory board with clearly defined roles and responsibilities.
In addition, appoint all members of the Accounting Chamber from a pool of vetted candidates in accordance with the 2024 amendments.
Yaroslav Zheleznyak also wrote that the report directly mentions the crisis of the summer of 2025, when an attempt was made to pass a law restricting the independence of key anti-corruption institutions.
Therefore, the IMF document also specifies the following requirements:
- preserving the absolute independence of the NABU, the Specialized Anti-Corruption Prosecutor’s Office, and the High Anti-Corruption Court.
- any attempts to limit their powers will result in the automatic suspension of funding.
- Other milestones include reforming the Accounting Chamber to control donor funds and completing the reform of the Economic Security Bureau.
As a reminder, the Board of Directors of the International Monetary Fund has approved a new four-year extended financing program for Ukraine in the amount of $8.1 billion.
