KYIV — September 25, 2026. Ukraine’s government says four reform bills submitted to parliament are required to help secure a third tranche of European Union macro-financial assistance worth €1.45 billion.
The package covers VAT administration, transfer pricing, capital-market infrastructure and procedures at the High Anti-Corruption Court.
Four Reforms Linked to the EU Financing
According to the Cabinet of Ministers, the first proposal would simplify VAT administration for individual entrepreneurs.
It would also raise the threshold for certain unscheduled inspections related to VAT refunds and negative VAT balances from UAH 100,000 to UAH 1 million.
The second proposal concerns transfer pricing and is intended to bring Ukrainian rules closer to OECD and EU standards.
Read: Ukraine Proposes Transfer Pricing Reform Under Bill 16035
Capital Markets and a Strategic Foreign Investor
The third reform concerns capital-market infrastructure.
The government says the proposal would bring key institutions into a holding structure and attract an international strategic investor through an open competition.
A related parliamentary proposal, Bill 16038-1, was registered on September 21.
Read: Ukraine Bill Seeks Foreign Investor for Capital Markets
Changes to the High Anti-Corruption Court
The fourth proposal concerns the High Anti-Corruption Court.
The government says it would allow a single judge to hear certain civil cases involving unjustified assets and their recovery by the state, as well as administrative cases involving sanctions.
Why the €1.45 Billion Matters
The government says the measures form part of Ukraine’s commitments to the European Union and International Monetary Fund.
The Cabinet says the bills are a condition for receiving the third tranche of macro-financial assistance worth €1.45 billion.
The broader significance is that international financing is increasingly being tied to structural reforms rather than provided independently of domestic policy changes.
Reform and Reconstruction Are Becoming Connected
Ukraine needs substantial external financing to maintain public finances and support reconstruction.
At the same time, international partners are seeking reforms that strengthen tax administration, financial markets, competition and anti-corruption institutions.
That creates a direct connection between domestic legislation and access to external capital.
Business Impact
For businesses, the package matters because it touches several areas simultaneously: VAT administration, cross-border taxation, capital markets and institutional governance.
Companies operating in Ukraine should therefore monitor the final versions adopted by parliament rather than relying only on the government’s initial proposals.
Primary Source
Cabinet of Ministers of Ukraine — Four draft laws linked to €1.45 billion EU tranche