New taxes are being imposed on Ukrainians: the IMF has voiced a number of demands

Ukraine has successfully concluded an agreement with the International Monetary Fund (IMF) for financial support of more than $8 billion. Prime Minister Yulia Svyrydenko announced this information. The program is to last four years, but the IMF Board of Executive Directors must give the final approval.

MP Yaroslav Zheleznyak pointed out the potential consequences for Ukrainians arising from this agreement. He drew attention to the fact that the IMF press release emphasizes the Ukrainian authorities’ obligation to combat tax evasion and reduce the tax base more actively. In addition, a gradual expansion of taxation is envisaged.

The IMF proposes, in particular, to introduce taxes on income from digital services, eliminate gaps in customs legislation regarding the import of goods, and cancel some VAT exemptions for mandatory registration.

Zheleznyak explained in detail the possible real consequences of these changes, including:

a tax on the sale of goods through platforms such as OLX;
a revision of the rules regarding preferential parcels;
new requirements for individual entrepreneurs to pay VAT;
changes in the definition of labor relations between employees and employers.
The deputy noted that he was looking forward to the final text of the agreement and believed that the preliminary wording generally met the requirements.

The National Bank also emphasized that the IMF hopes the new program will serve as an impetus for attracting additional external support to cover the state’s financial needs.

An accountant from the Education Department of the Darnytsia District State Administration was also detained in Kyiv on suspicion of fraudulent actions. She was notified of suspicion under Article 190, Part 4, of the Criminal Code of Ukraine.