The International Monetary Fund has agreed to waive the preconditions (prior actions) for Ukraine’s new $8.1 billion loan program – requirements to introduce VAT for sole proprietors, duties on parcels, a tax on digital platforms, and the retention of the military tax. Ukrainian Prime Minister Svyrydenko announced this during a meeting with journalists, according to Suspilne. PromPolitInform reports.
The new loan program is expected to be discussed at the next meeting of the IMF Board of Directors. According to the Prime Minister, the conditions were amended following a visit to Kyiv by Fund CEO Kristalina Georgieva. According to the agreement with the IMF, all four conditions must now be met after the Board of Directors approves the new program.
“The most sensitive issues of the IMF program are the taxation of sole proprietors. Details are important here. In our work with the IMF, we agreed to increase the VAT implementation threshold for sole proprietors to UAH 4 million—the maximum VAT level on goods in Europe. Therefore, these changes will not affect two-thirds of all sole proprietors,” Svyrydenko noted.
She announced the submission to the Verkhovna Rada of a consolidated tax bill covering issues related to digital platforms, parcels, and the retention of the military tax after the end of martial law.
