Ensuring stable and sufficient financing of the wartime State Budget remains a critical priority for Ukraine. Russia’s full-scale war has fundamentally reshaped public spending priorities, placing national defense financing at the forefront as a vital need. AmCham Ukraine has consistently emphasized that combating the illicit economy and ensuring a level playing field are essential for the country’s economic security. Ukraine’s international partners share this view and support the need to effectively address these challenges.
Continued financial support from international partners depends on credible reforms, fiscal discipline, and a clear commitment to combating the shadow economy, which continues to drain the State Budget and undermine bona fide businesses. Eliminating illicit markets would not only generate significant additional resources for defense and recovery but also improve Ukraine’s investment attractiveness and ensure fair competition.
AmCham Ukraine calls on the Parliament to support the regulation of taxation of income earned through digital platforms, as well as the abolition of the VAT exemption for goods valued up to EUR 150 in international postal parcels. It is also important to address and eliminate the practice of tax avoidance schemes involving the artificial fragmentation of large companies into groups of sole proprietors to reduce the tax burden. These measures align with Ukraine’s commitments under international financial assistance programs and demonstrate readiness to implement structural reforms.
As discussions on potential tax policy changes continue, AmCham strongly emphasizes that the primary focus should remain on enforcing existing legislation and ensuring compliance with Ukraine’s commitments to international partners, rather than increasing the tax burden on transparent and compliant businesses. This approach should be guided by the fundamental principle that, before placing additional pressure on honest taxpayers, every effort must be made to ensure that all individuals and legal entities operating in Ukraine pay their fair share under existing tax laws, and that any proposed changes reflect sound tax policy and a firm commitment to tax compliance and tax justice. In particular, combating the illicit market in solid excisable goods requires effective enforcement, as current legislation already provides the necessary tools. Predictable, fair, and transparent tax policy is the foundation of investors’ trust and economic stability.
Ukraine’s path to recovery and sustainable peace requires unity, accountability, and strong actions. International support must continue, reforms must be implemented, and the shadow economy must be effectively addressed. AmCham stands firmly with Ukraine in its pursuit of freedom, recovery, and a strong, rules-based economy.
