Ukraine's Draft Budget Law for 2027 Includes VAT Increase to Fund Insurance for Businesses Against War Risk and Other Typical Changes

The Ukrainian Parliament is considering the Draft Law on the State Budget of Ukraine for 2027, which was submitted on 15 September 2026. One of the key tax-related measures of the budget law is the inclusion of provisions for establishing a fund for insuring Ukrainian businesses against war risks, which would be funded by an increase in VAT. This is expected to include an increase in the standard VAT rate from 20% to 21%, which will require the approval of separate amendments to the Tax Code…