The Cabinet of Ministers of Ukraine, by its Resolution No. 222 of February 28, 2025 "On Amendments to Certain Resolutions of the Cabinet of Ministers of Ukraine on the Provision of Subsidies", adopted a decision on changes to the procedure for providing subsidies.
The document, in particular, amends the Regulation on the procedure for assigning housing subsidies, approved by Resolution of the Cabinet of Ministers of Ukraine No. 848 of October 21, 1995 "On Simplifying Procedure for Providing Subsidies to the Population to Reimburse the Costs of Paying for Housing and Communal Services, Purchasing Liquefied Gas, Solid and Liquid Household Fuel."
According to the changes, the Pension Fund of Ukraine will recalculate the amounts of already assigned housing subsidies for the heating season of 2024–2025, if the information for their assignment was provided by service providers in violation of the 5-day period, and this data was not taken into account when assigning the subsidy from October 2024.
The Ministry of Community and Territorial Development is digitizing the competition for internal bus routes. These are inter-regional routes, for which the Ministry of Community and Territorial Development is the organizer of the competition .
It is envisaged that the submission of documents and the conduct of competitions will take place electronically in the carrier's online account in the Unified Complex of Information Systems (UCIS).
Digitalization of the tender and document submission procedure will speed up the procedure, save carriers' resources, and minimize corruption risks.
Resolution of the Cabinet of Ministers of Ukraine No. 1081 amends the Procedure for conducting a competition for the transportation of passengers on a public bus route.
The updated procedure will also ensure the publicity of information submitted by carriers to participate in the competition. This will contribute to increasing transparency and trust in the procedure and the carriers that will be selected as winners of the competitions.
The resolution also provides for transparency in conducting competitions in the regions - that is, intra-regional routes and intercity routes. This includes open meetings and publication of document packages.
The Ministry of Finance of Ukraine, by Order No. 97 of February 18, 2025, set out in a new edition the Procedure for planning documentary on-site inspections by customs authorities.
This Procedure was developed to ensure that customs authorities have a unified approach to forming a plan-schedule for conducting documentary scheduled on-site inspections of enterprises regarding their compliance with the requirements of the legislation of Ukraine on customs matters, including the timeliness, reliability, completeness of the calculation and payment of customs and other payments, as well as penalties, the collection of which is under the control of customs authorities.
The schedule for conducting scheduled on-site documentary inspections of enterprises by customs authorities (hereinafter – the schedule of documentary inspections of the State Customs Service ) is formed quarterly.
The schedule of documentary inspections is approved by order of the State Customs Service and published on the official website of the State Customs Service by the 15th day of the last month of the quarter preceding the quarter in which such inspections will be conducted.
Adjustments to the plan-schedule of documentary inspections of the State Customs Service shall be made in the case provided for in paragraph 5 of Section II of these Procedures.
The order will enter into force on April 19, 2025, but not earlier than the date of its official publication. As of the date of preparation of the material, the document has not been officially published.
The State Tax Service of Ukraine is initiating changes to the mechanism for suspending the registration of tax invoices. The State Tax Service has already submitted its proposals to the Ministry of Finance of Ukraine regarding changes to Government Resolution No. 1165.
The following changes are proposed:
- The limits for unconditional registration of invoices have been increased - the maximum volume of supply will increase to UAH 1 million, and per counterparty - to UAH 100 thousand, the condition regarding the number of payers for which a manager can hold a similar position has been changed (currently 3, planned to be 5). Transactions with small amounts (up to UAH 10 thousand) will be registered without delay, this limit is currently UAH 5 thousand. The limit for the total volume of such transactions in the current month will be increased to UAH 3 million (currently UAH 500 thousand).
Tax invoice checks have been simplified for entrepreneurs operating in areas with a potential threat of hostilities, but where there is currently no active fighting. It is also planned to process invoices with export transactions more quickly if their codes match those in the taxpayer's data table and the taxpayer is not considered risky.
Less bureaucracy after excluding taxpayers from the list of risky ones – invoices will be subject to automatic registration if the company has a positive tax history and other specified conditions are met
- The mechanism for automatically taking into account payer data tables has been improved - reducing the need to submit documents for taking into account the table.
Changes in individual indicators of positive tax history – more businesses will be able to use such indicators. In particular, the limits on the volume of transactions have been increased from UAH 1 million to UAH 3 million, per counterparty from UAH 100 thousand to UAH 500 thousand, and the condition regarding the number of payers at which a manager can hold a similar position has been changed (currently 3, planned to be 5).
- The risk criterion for transactions has been changed regarding tax liability adjustment calculations upon return of goods from a VAT non-payer, namely, submitting such an adjustment calculation within 90 days (currently 30) will not be considered a risk. This will reduce the likelihood of blocking the adjustment calculation upon return of goods from a non-payer.
The State Tax Service of Ukraine updated the directory of taxpayer risk codes. They are used by commissions when considering issues regarding the taxpayer's compliance with risk criteria.
Taxpayers will gain a clearer understanding of why they fall into the risky category and will be able to navigate what information and copies of documents need to be submitted to the commission.
Changes introduced:
- Tax information codes that do not apply to manufacturers or service providers, or vice versa, are used only for these categories of payers, are specified .
- Period for analyzing transactions with risky counterparties is changing - now only transactions carried out no earlier than the decision on the counterparty's riskiness will be taken into account.
A coupl of new codes are being introduced. They will apply to:
- dubious transactions for the purchase of large volumes of services or works without real conditions for their implementation
- involvement of VAT non-payers in transactions without the necessary resources to perform the specified works
- export of goods of unknown origin under the export support regime
- absence of the payer at the tax address, which makes it impossible to conduct a documentary audit.
This is another step towards transparency and clarity in communication with business.
The Cabinet of Ministers of Ukraine adopted Resolution No. 244 of March 4, 2025 "On Amendments to the Rules for Crossing the State Border by Citizens of Ukraine."
The draft resolution was developed and submitted to the Government for consideration by the Ministry of Culture and Strategic Communications to create legal grounds for temporary travel outside Ukraine by men of draft age who engage in professional activities in the fields of culture, cinematography, strategic communications, media, and information.
The resolution defines: categories of specialists, the procedure for obtaining a letter of assistance, a list of documents, terms of stay abroad, as well as restrictions on cooperation with persons who are representatives of the aggressor state. An expanded list of authorities authorized to verify documents submitted by institutions has been introduced.
The document provides clear requirements for meeting the criteria for receiving a letter of support from the MCSC.
For legal entities, a mandatory condition is the status of a critically important enterprise for the functioning of the economy and ensuring the livelihoods of the population during a special period.
For individuals, registration of the entity as an individual entrepreneur and conducting core activities for the last three years is mandatory.
The maximum period of stay of artists and media professionals abroad is no more than 60 calendar days from the day of crossing the state border. The period of continuous stay abroad may be extended to 30 calendar days upon receipt of a separate letter of approval.
The resolution of the Cabinet of Ministers will enter into force on the date of its official publication.
The National Bank of Ukraine has decided to increase the discount rate to 15.5% per annum and adjust the parameters of the operational design of the interest rate policy.
These decisions are aimed at maintaining the attractiveness of savings in hryvnia, preserving the stability of the foreign exchange market, and controlling inflation expectations, which will allow inflation to return to a trajectory of sustained deceleration towards the 5% target.
This was due to a number of factors. In particular, inflation continued to rise as expected at the beginning of the year, including due to the strengthening of fundamental factors. The NBU's measures will contribute to reducing inflation to the 5% target over the policy horizon. The expected volume of external support will be sufficient for emission-free financing of the budget deficit and maintaining a stable situation in the foreign exchange market.
The key risk for inflation dynamics and economic development remains the course of a full-scale war. To maintain the stability of the foreign exchange market, maintain control over expectations, and gradually bring inflation to the 5% target over the policy horizon, the Board of the National Bank of Ukraine decided to increase the policy rate by 1 percentage point to 15.5%.
Previous measures by the NBU to tighten interest rate policy stopped the trend of decreasing rates on hryvnia deposits, and rates on domestic government bonds in hryvnia responded quite actively to the increase in the discount rate. This supported the demand for hryvnia instruments. At the same time, additional tightening of monetary conditions is necessary to reverse the inflationary trend.
In view of this, as of March 7, 2025, the NBU increases the discount rate and rates on its operations with banks by 1 percentage point, which is in line with the January forecast. In the context of maintaining the stability of the foreign exchange market, such a step will allow us to continue to support demand for hryvnia savings instruments, maintain control over inflationary expectations, and accordingly limit pressure on prices.
Such changes will strengthen market incentives for banks to attract term deposits of the population in hryvnia. This will contribute to a further increase in interest rates on term hryvnia instruments, and accordingly - to a strengthening of the protection of citizens' hryvnia savings from inflationary depreciation. As a result, risks to price dynamics, the foreign exchange market and international reserves are expected to decrease.
