On 23 September 2026, the National Bank of Ukraine (NBU) adopted Resolution No. 145, significantly liberalizing foreign exchange operations under the martial law framework. The resolution permits Ukrainian enterprises to make advance payments for imported goods up to 180 calendar days (previously 90 days) without individual NBU licenses, extends the mandatory sale of foreign currency proceeds from 50% to 60% for exporters, and allows non-residents to repatriate dividends accrued after 1 January 2024 subject to a 15% withholding tax (reduced from 18% under MLI-modified treaties). The changes take effect 2 October 2026 and aim to improve liquidity for importers while maintaining FX reserve stability. Banks must update compliance monitoring systems by 15 October 2026.
Key Takeaways
- Extended Advance Payment Window: Importers can now pay suppliers 180 days in advance, aligning with global supply chain cycles and reducing working capital pressure.
- Dividend Repatriation Pathway: Non-residents may remit post-2023 dividends at a 15% WHT rate, provided beneficial ownership and substance tests are met per OECD MLI standards.
- Mandatory Sale Ratio Increase: Exporters must sell 60% of FX proceeds (up from 50%), tightening hryvnia liquidity but supporting exchange rate stability.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement