Will taxes be raised in Ukraine in 2026: forecasts and economic situation

In 2026, no tax increases are expected in Ukraine. This was stated by the head of the Verkhovna Rada Committee on Finance, Taxation, and Customs Policy, Danilo Hetmantsev, dispelling concerns about a potential increase in the tax burden for citizens and businesses.

This is reported by AgroReview

Stability of the exchange rate and state budget

According to Danilo Hetmantsev, significant fluctuations in the exchange rate are also not expected in 2026. Experts’ forecasts indicate that relative stability of the national currency will be maintained, which is an important factor for the country’s economic confidence.

At the same time, Ukraine’s budget deficit in 2026 may increase and range from 16 to 18 billion dollars under various scenarios, although this figure was previously estimated at 10 billion dollars. To cover the deficit, negotiations are ongoing with European partners, the International Monetary Fund, the World Bank, and other countries regarding the attraction of necessary financial resources.

De-shadowing the economy and internal reserves

According to Hetmantsev, a key task for improving budget revenues is the de-shadowing of the economy. Emphasis is placed on the need to ensure equal conditions for all taxpayers and to combat evasion schemes.

“As for internal resources, de-shadowing is key for us. The law is the same for everyone. Every shadow operator and all those involved in their schemes will ultimately understand this.”

Thus, according to government representatives, there are no plans for tax increases in Ukraine in the coming year, with the main focus on stabilizing the economy, attracting external support, and combating shadow schemes.