The issue of VAT for sole proprietors may be postponed until the IMF mission concludes in June
The introduction of a value-added tax for individual entrepreneurs may be postponed based on the findings of the International Monetary Fund mission.
This was announced by Finance Minister Serhiy Marchenko during a speech at a meeting
">of the parliamentary temporary investigative ">commission.A final decision on the new deadlines will be made in late May or early June 2026. The minister emphasized that this involves postponing the deadlines, not completely abolishing the provision, as it is enshrined in EU Directive 112 and the National Revenue Strategy. Currently, this step is considered necessary from a fiscal policy perspective, but too sensitive for businesses under current conditions.
At the same time, discussions are ongoing regarding a Memorandum on macro-financial assistance from the EU in the amount of €90 billion. The European Union is considering the possibility of linking part of the payments to tax reforms, specifically the introduction of a 20% VAT rate for sole proprietors with an annual income exceeding UAH 4 million. The Ukrainian government is trying to convince its partners to postpone the implementation of this measure until 2027.
A memorandum with specific terms will be submitted to the Verkhovna Rada for ratification after negotiations are concluded. The Ministry of Finance’s primary goal remains the rapid receipt of funds while maintaining a balance in the discussion of reform conditions. Specific dates for the introduction of the tax for entrepreneurs have not yet been determined.
The Verkhovna Rada has postponed consideration of the bill on the introduction of VAT for sole proprietors in order to work with the IMF on a more balanced approach that will not harm small businesses during the war.
Prior to this, Ukraine and the IMF signed a memorandum on a 5% military levy for an indefinite period and VAT for sole proprietors.
