Ukraine agrees to IMF demands for new loan, including tax changes

rbc.ua (Ukrainian)

Ukraine has agreed to new IMF demands, including tax benefit cancellations, to secure an $8 billion loan. This aims to increase tax revenue and prevent evasion. The agreement involves expanding the tax base, introducing VAT for entrepreneurs earning over one million hryvnias annually, and taxing all international parcels. Ukraine must also pass a balanced budget. The IMF loan's final approval hinges on the EU's decision regarding frozen Russian assets, with potential implications for Ukraine's funding.


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