IMF delegation led by mission chief begins meetings in Kyiv on macroeconomic policy, reforms
A team from the International Monetary Fund (IMF), led by Ukraine mission chief Gavin Gray, began meetings in Kyiv on Wednesday the Ukrainian authorities and other stakeholders in the context of an IMF staff visit, IMF Resident Representative in Ukraine Priscilla Toffano said.
"The discussions will cover macroeconomic policies and key structural reforms," her statement to Interfax-Ukraine said.
Under the Extended Fund Facility (EFF) approved by the IMF at the end of February, Ukraine is required to adopt by the end of March 2026 a package of tax measures that предусматривает mandatory VAT registration for participants in the simplified taxation system with annual income exceeding UAH 4 million starting January 1, 2027. The Finance Ministry’s initial proposal of a UAH 1 million threshold was revised following a wave of criticism from the business community and a successful petition on the Cabinet of Ministers’ website. As of now, the government has not yet submitted this bill to parliament.
In addition, on March 10 parliament rejected bill No. 14025 on taxation of income earned via electronic platforms, which was also part of the agreement with the IMF: only 168 lawmakers voted in favor, short of the required minimum of 226 votes.
"A significant portion of international financial support is contingent upon fulfilling jointly agreed conditions and reforms with partners. That is why the Ministry of Finance emphasizes the importance of consistently meeting these commitments. This is a necessary condition for attracting the full volume of planned financing and ensuring the stable functioning of the public finance system," the Finance Ministry told Interfax-Ukraine in a comment.
The ministry also reminded that under wartime conditions, the government allocates all domestic budget resources, including tax and customs revenues, as well as proceeds from government domestic loan bonds, to finance the needs of the Armed Forces of Ukraine.
