Ukraine has committed to implementing legislative amendments by the end of 2025 to expand the Unified Database of Real Estate Transactions to include non-taxable transactions, as outlined in the updated EFF Extended Fund Facility agreement with the International Monetary Fund (IMF) following the eighth review. This move is part of Ukraine’s broader efforts to strengthen its financial systems and align with international standards.
The updated EFF agreement, which is part of Ukraine’s IMF program, aims to ensure transparency and reduce risks associated with real estate transactions. By incorporating non-taxable transactions into the database, the government seeks to improve data accuracy and combat potential fraud or misuse of the system. The initiative is expected to enhance the country’s ability to monitor real estate activities and support regulatory compliance.
Officials have emphasized that the expansion of the database is a key step in Ukraine’s economic reform agenda. The changes will enable more comprehensive tracking of property transactions, which is crucial for ensuring fair tax collection and preventing illicit activities. The IMF has expressed support for the move, highlighting its importance in building a more transparent and resilient financial system in Ukraine.