- The IMF advises Ukraine to increase VAT and luxury taxes in 2026.
- Discussions focused on increasing Ukraine’s self-sufficiency in financing the 2026 budget.
- Key topics included increasing VAT, switching to a progressive personal income tax scale, and addressing the shadow economy.
- Ukrainian officials attended the Spring Meetings 2025 of the IMF and World Bank in the USA.
- Ukraine was represented by Prime Minister Denys Shmyhal, Minister of Finance Serhiy Marchenko, and NBU Governor Andriy Pyshnyy.
- Minister of Finance emphasized potential resources without raising taxes in 2025, focusing on 2026.
- Discussions included the full confiscation of frozen Russian assets for Ukraine’s benefit.
- The NBU improved its assessment of expected international aid inflows for 2025.
- The need for external financing for 2025 is estimated at $39.3 billion.
- Part of the funds from G7 countries will be directed within the ERA initiative.
- The focus is on improving tax administration to increase state budget revenues.
Source: unn.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
