Ukraine plans to introduce a new national classification of economic activities starting in 2027. The reform updates the current KVED structure to a more granular, EU-aligned framework so that statistical reporting, tax administration, and regulatory oversight better reflect today’s economy—especially services, digital, logistics, and green industries.
What changes for companies
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Updated activity codes. Existing KVED codes will be mapped to new codes; some sections and subclasses will be renamed, merged, or split for clarity.
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Transitional procedure. Government will set a migration window during which companies can update their primary and secondary codes in the state registry without penalties.
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Reporting alignment. Statistical and tax forms will be adjusted to the new structure; businesses should expect refreshed templates and e-services.
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Sector visibility. The revision aims to capture high-tech services, circular economy, and agri-processing with more precision to inform policy and investment.
What to do now
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Inventory your KVEDs. List current primary/secondary codes and match them to the forthcoming equivalents once published.
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Assess licensing/permits. If your activity depends on a specific code, check whether the new code set affects license terms.
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Update internal systems. Plan changes to ERP/CRM, contract templates, HR records, and compliance checklists.
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Coordinate with accountants. Align on reporting dates and the first period that must use the new codes.
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Prepare client communications. Large counterparties may request confirmation letters showing your updated codes.
Investor angle
The reclassification should improve data transparency across Ukrainian sectors, helping lenders and foreign partners benchmark markets, target incentives, and trace value chains. For export-oriented firms, convergence with EU typologies reduces friction in tenders, certifications, and due-diligence processes.
Timeline and risks
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2025–2026: finalization of the code list, mapping tables, and IT updates in registries and e-services.
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From 2027: phased migration; parallel acceptance of old/new codes may operate for a short period.
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Key risks: delays in publishing official mapping tables; misclassification during the transition; lagging updates in dependent systems (banking/KYC, customs, marketplaces).
Bottom line
Start planning the internal switch-over now: assign a responsible person, prepare a mapping spreadsheet, and schedule updates to corporate documents so the 2027 transition is smooth and audit-proof.
