The Verkhovna Rada of Ukraine has adopted in its entirety draft law No. 1400 on the State Budget for 2026.
The main indicators of the draft State Budget for 2026 are as follows:
- revenues — 2 trillion 918 billion UAH;
- expenditures — 4 trillion 781 billion UAH
- minimum wage: from January 1, 2026 — 8,647 UAH/month, 52 UAH/hour. Growth — +8.1%.
- average salary: 2025 - expected to be 25,886 UAH (+20.6%); 2026 - forecast 30,032 UAH (+16%).
Estimated:
- 2025 — 16,737 UAH
- from January 1 — 21,707 UAH
- from September 1 — 25,037 UAH
Living wage and minimum pension
Indexation by 9.9%.
From January 1, 2026, the PM for key population groups:
- per person — 3,209 UAH
- children under 6 years old — 2,817 UAH
- children 6–18 years old — 3,512 UAH
- able-bodied persons — 3,328 UAH
- persons who have lost their ability to work — UAH 2,595
The Ministry of Finance of Ukraine, by Order No. 549 of November 5, 2025, approved amendments to the National Accounting Standard 26 "Employee Benefits". Later, by Order of the Ministry of Finance No. 604 of December 1, 2025, the said Order was corrected. The changes are mainly technical in nature.
NAS 26 “Employes Benefits” was approved by Order of the Ministry of Finance No. 601 of October 28, 2003. The document does not have a definition of this very key concept. The Ministry of Finance now adds: “Employee benefitsare all forms of payments and compensations provided by the enterprise in exchange for work performed and/or services provided by employees, or upon their dismissal.”
The Ministry of Finance paid attention to a formal detail: from the point of view of civil law, an employee either performs work for the enterprise (production personnel) or provides a service to the enterprise (administration, service). So now the term “service” will also appear in the text of the document. However, “whether or not” enterprises should adjust their payroll documentation accordingly and how exactly – this question will probably remain at their discretion…
Current employee benefits include non-cash benefits, including: medical care, free housing, etc.
Regarding the accrued salary to employees and accrued SSC for work performed for the enterprise and service provided to the enterprise, along with the past emphasis on classifying this accrual as a current liability, it is now prescribed to attribute it either to the expenses of the period or to the value of a specific asset (i.e., WIP, fixed assets, etc.).
In the notes to the financial statements for each category of other long-term and termination benefits, we will provide information about the nature of the benefits, the amount of the obligation for such benefits, and the amount of funding at the reporting date.
The Order also provides for adjustments to the provisions governing the accounting of post-employment benefit programs. However, for the vast majority of enterprises, this is currently of purely theoretical importance…
Order No. 549 shall enter into force on January 1, 2026, but not earlier than the date of its official publication.
The Verkhovna Rada of Ukraine has extended the VAT exemption for transactions involving the import of energy equipment into Ukraine for 2026-2028. The corresponding amendment was submitted to draft law No. 14097.
This norm will promote greater investment in the energy sector and faster restoration and development of the energy system.
The State Tax Service of Ukraine has clarified in category 101.02 "ZIR" that the amount of excise tax on retail sales of excisable goods is not taken into account when determining the volume of taxable transactions for mandatory registration by a VAT payer.
According to the rules of item 181.1 of the Tax Code of Ukraine, an enterprise must register as a VAT payer if the volume of taxable supplies over the last 12 months exceeded UAH 1 million (excluding VAT). This volume includes transactions taxed at rates of 0%, 7%, 14% and 20%, as well as transactions exempt from VAT.
At the same time, the excise tax charged upon the sale of excisable goods in accordance with paragraphs 213.1.9 and 213.1.14 of the Tax Code is not included in the VAT tax base and, accordingly, is not taken into account in calculating the total volume of supplies for VAT registration.
The Ministry of Finance of Ukraine, by Order No. 545 of October 31, 2025, “On Amendments to Certain Regulatory Acts of the Ministry of Finance of Ukraine on Accounting”, brought some National Accounting Standards into line with the Law of Ukraine “On Accounting and Financial Reporting in Ukraine”. The updates take into account the updates to the legislation on regulating the activities of separate divisions of a legal entity established in accordance with the legislation of a foreign state.
According to the changes, the words "representative offices of foreign business entities" have been replaced with the words "branches and representative offices of legal entities established in accordance with the legislation of a foreign state."
The specified technical corrections were made to:
- National Accounting Standard 25 “Simplified Financial Reporting” (Order of the Ministry of Finance No. 39 of February 25, 2000 (as amended by Order of the Ministry of Finance No. 25 of January 24, 2011));
- Notes to the annual financial statements (Order of the Ministry of Finance No. 302 of November 29, 2000);
- Simplified Chart of Accounts (Order of the Ministry of Finance No. 186 of April 19, 2001)
- National Accounting Standard 31 “Financial Expenses” (Order of the Ministry of Finance No. 415 of April 28, 2006)
- National Accounting Standard 1 "General Requirements for Financial Reporting" (Order of the Ministry of Finance No. 73 of February 7, 2013)
- Regulations on the inventory of assets and liabilities (Order of the Ministry of Finance No. 879 of September 2, 2014).
Order No. 545 shall enter into force on the date of its official publication.
The Verkhovna Rada of Ukraine has adopted the Law "On Amendments to Certain Legislative Acts of Ukraine Regarding the Establishment of the Continuity of the Insurance Length of a Person Reinstated at Work after Illegal Dismissal" (basic draft law No. 11488-1 of September 4, 2024).
The document provides for:
- inclusion in the insurance period for calculating the pension of the period during which the person was illegally dismissed from their place of work, and then reinstated on the basis of a court decision;
- employer's obligation to pay insurance premiums for this period;
- determining the procedure for calculating a single contribution if an employee is credited with a difference in earnings for the time spent performing lower-paid work or, according to a court decision, the average wage for forced absenteeism is credited;
- charging a single contribution for each month of forced absenteeism in an amount not less than the minimum insurance contribution;
- determining the procedure for paying monetary compensation for unused annual paid leave.
The Verkhovna Rada of Ukraine has adopted the Law on the Peculiarities of Taxation of Banks in 2026 and the Postponement of the Launch of E-Excise Tax (Registration No. 14097).
In 2026, banks will pay income tax at a rate of 50% without the possibility of taking into account losses from previous years. This will ensure stable revenues to the state budget in times of war.
It is also planned to postpone the introduction of e-excise tax until November 1, 2026.
In addition, tax breaks for energy equipment and defense goods have been extended until 2027.
The law is designed to support the financial sustainability of the state and takes into account the needs of both the security sector and the economy.
The Ministry of Health by Order No. 1580 of October 17, 2025 approved a new Instruction on establishing a causal relationship between death and an occupational accident and occupational disease.
In connection with the elimination of the Medical and Social Expert Commission and the launch of a new system for assessing a person's daily functioning from December 31, 2024, the Ministry of Health has updated the procedure for establishing a causal relationship between death and occupational injuries and diseases.
In particular:
- a new Instruction on establishing the causal relationship between death and an industrial accident, occupational disease, or accident was approved;
- The old Instruction of 2005 (Order No. 606) was canceled.
The new procedure works within the framework of a digital system for assessing a person's functioning and involves the formation of an electronic referral by a doctor, who attaches scanned copies of documents (medical certificate of death, investigation materials, pathological and anatomical examination protocol, etc.).
The instruction establishes clear criteria for determining causality — from analyzing the course of diseases and complications to assessing the possible progression of occupational pathology. The case is considered within 30 calendar days.
Order No. 1580 was officially published on December 2, 2025, so the new Instruction is effective from that date.
