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News on February 20: the head of the IMF arrived in Kyiv, a new package of financial support from Japan

News on February 20: the head of the IMF arrived in Kyiv, a new package of financial support from Japan

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About the IMF. Managing Director of the International Monetary Fund, Kristalina Georgieva, arrived in Kyiv on Monday, February 20.

The President of Ukraine, Volodymyr Zelenskyi, met with the Managing Director of the International Monetary Fund, Kristalina Georgieva, who on Monday, February 20, she arrived on a visit to Kyiv.

Ukraine expects to launch a new multi-year major program with the IMF in the amount of more than 15 billion dollars.

About financial support from Japan. Prime Minister of Japan Fumio Kishida announced a new package of financial support for Ukraine in the amount of 5.5 billion dollars.

About the abolition of the 2% tax. The Tax Committee of the Verkhovna Rada supported as a basis the government’s draft law on the abolition of the simplified taxation system for private enterprises (2% tax) from July 1.

About VAT for IT business. The Ministry of Finance of Ukraine does not support the introduction of a new benefit for the IT sector regarding the exemption of software products from value added tax.

About Naftogaz. NJSC Naftogaz of Ukraine estimates its own losses at more than 1 billion dollars due to damaged or destroyed infrastructure.

Exclusive EP

Technology has lost its favor: how the IT business has changed since the return of VAT

From January 1, 2023, the technology sector returned to paying value added tax, from which it was exempted for ten years. How much did the benefit cost the budget and how will VAT affect Ukrainian IT companies?

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