Ministry of Finance of Ukraine

The Tax Service plans to simplify the procedure for registering tax invoices and reduce the number of their blocking. The main changes include increasing the limits for unconditional registration and simplifying inspections for businesses in the frontline areas.

Starting March 1, 2025, pensions in Ukraine will be indexed by 11. 5%. The average pension will increase from UAH 5789 to UAH 6,345, and the total expenditures of the Pension Fund will amount to UAH 908.2 billion.

In February 2025, the general fund of the state budget received UAH 125. 8 billion in taxes and fees. The largest revenues came from personal income tax with military duty (UAH 25.8 billion) and VAT (UAH 19.8 billion).

Due to new requirements for cash registers, gas stations may cease to operate from March 1, 2025. Gas stations will either have to shut down or face a fine of 150% of the cost of fuel sold.

The Government has appointed two first deputies to the State Financial Monitoring Service and the State Agency for Arts. Personnel changes in district and regional state administrations were also approved.

Ukraine's state and guaranteed debt reached $166. 1 billion. The weighted average cost of debt decreased from 7.79% to 5.09%, and the maturity increased from 6.27 to 12.26 years.

In January 2025, the Ministry of Finance raised UAH 29. 5 billion from the issue of government bonds. There are over UAH 1.85 trillion worth of domestic government bonds in circulation, with commercial banks and the NBU holding the largest share.

The Government has approved a new form of personal income tax and unified social tax calculation, changing the frequency of submission from quarterly to monthly. The new form will be effective from January 2025.

The State Tax Service fulfilled its January revenue target by 114. 8%, collecting UAH 76.1 billion to the state budget. VAT refunds increased 1.6 times year-on-year.

The Ministry of Social Policy plans to launch a funded pension system in 2026. The legislative framework and IT system for the state accumulation fund are currently being developed.

Denys Shmyhal held a meeting on expanding support programs for families with children. The ministries will develop a comprehensive strategy that will cover all stages of parenthood - from pregnancy to schooling.

In 2024, the general fund of the state budget received UAH 2. 2 trillion, of which a significant share is personal income tax and military duty. Total state budget revenues amounted to UAH 3.12 trillion, while expenditures amounted to UAH 4.48 trillion.

Starting from January 1, 2025, new requirements for the form and content of fiscal receipts will be introduced. Sellers will be fined 100% of the value of the goods sold for issuing old-style receipts.

The state budget of Ukraine received UAH 2. 2 trillion in taxes and fees, of which more than UAH 1 trillion was provided by the Tax Service. In addition, UAH 453.6 billion of international aid and UAH 546.1 billion of unified social tax were received.

Philip Pronin has become the new head of the State Financial Monitoring Service, replacing Ihor Cherkasky. Prior to that, Pronin headed the Poltava RMA and worked for ARMA.

The Cabinet of Ministers appointed Ruslan Kravchenko as the head of the State Tax Service of Ukraine. Previously, he managed the Kyiv Regional Military Administration and was a prosecutor who led the case against Yanukovych.

Finance Minister Marchenko said there are no plans to raise taxes in 2025. At the same time, a law on new rates for individual entrepreneurs has already been signed, which has led to massive closures of businesses.

As of December 26, 2024, 1520 local budgets out of 1597 have been approved in Ukraine. Volyn, Dnipro, Mykolaiv, and Kharkiv regions have approved their budgets in full.

Starting from January 1, 2025, Ukraine will change the military duty rates for individual entrepreneurs and individuals. Individual entrepreneurs of the first, second, and fourth groups will pay UAH 800 per month, and those of the third group will pay 1% of their turnover.

In 2025, more than UAH 2. 2 trillion is allocated for the Defense Forces, which is 26.3% of GDP. Funding will be provided through changes to the Tax Code and funds from the ERA program.

The Cabinet of Ministers has defined the criteria for debt restructuring of heat supply companies and water utilities affected by hostilities. The right to defer payment will be granted to enterprises with destroyed or damaged infrastructure.

Zelensky signed a law on obtaining a кредиту 50 billion loan from the G7. The funds do not need to be returned without reparations from the Russian Federation, and the return will be made at the expense of frozen Russian assets.

Ukraine and the EU have signed an agreement on macro-financial assistance of up to 35 billion euros. Repayment of the loan is planned to be carried out at the expense of profits from frozen assets of the Russian Federation in the EU.

The NBU set the official Hryvnia exchange rate at UAH 41. 6972/USD, which is 4 kopecks more. In banks, the dollar can be bought for 41.95 UAH, the euro - for 44.30 UAH.

Finance Minister Marchenko announced that the president will inevitably sign a law on raising taxes. This is necessary to balance the 2025 budget and meet the requirements of the IMF.

In the first 10 months of 2024, Ukraine allocated 58. 3% of its budget to the security and defense sector. The funds were spent on military equipment, weapons, military supplies and other defense needs.

The Verkhovna Rada has started considering the draft budget for 2025. According to the Minister of Finance, the tax bill No. 11416-d should bring in additional UAH 141 billion.

In Ukraine, they are initiating the introduction of "condolence leave" for workers who lost loved ones due to the war. Research has shown the need to allow time to recover from a loss.

The Cabinet of Ministers has approved the draft budget for 2025 with expenditures of UAH 3. 7 trillion. UAH 54.55 billion has been allocated for the development of arms production, and another UAH 500 million for soft loans to defense companies.

The leadership of the Ministry of Finance and the NBU have started discussing the sixth review of the EFF program with IMF experts. Ukraine needs to fulfill four structural benchmarks to receive the next tranche in December.