This reform, approved by the Ukrainian government, introduces an updated structure for tax calculations and reporting procedures.
Key Changes
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Frequency of Submission
- Monthly Reporting: Starting in 2025, PIT and SSC declarations must be filed every month—no later than the 20th calendar day following the reporting month.
- Transition Timeline:
- Until February 10, 2025: Reports for the fourth quarter of 2024 are submitted using the old quarterly format.
- From February 20, 2025: Reports for January 2025 must use the new monthly format.
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Expanded Report Structure
- The new form consists of a main calculation plus several annexes, the details of which are available on the Ministry of Finance’s website.
- All tax agents—legal entities and sole proprietors who pay income to individuals—are affected by this change.
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Legal Context
- In 2024, amendments were introduced to Ukraine’s Tax Code and related legislation to maintain budget stability during martial law.
- The shift to more frequent tax reporting aims to improve operational oversight of tax and social contribution payments, ensuring timely budget revenue.
Expected Outcomes
The Ministry of Finance anticipates that transitioning to monthly reporting will:
- Enhance Compliance: More frequent filings facilitate quicker detection of irregularities.
- Secure Timely Funds: Fast-tracking issue resolution helps ensure prompt payments to the state budget.
By adopting these changes in 2025, the government seeks greater transparency and efficiency in the tax system, reinforcing its ability to manage fiscal operations during a period of ongoing economic and security challenges.
