Business news from Ukraine

Business news from Ukraine

PrivatBank Launches Individual Entrepreneur Tax Return Filing in “Privat24”

State-owned PrivatBank has launched a service in the “Privat24” app for filing single-tax payer returns for individual entrepreneurs (FOP) in the first through third groups, with the option to pay taxes afterward, the financial institution reported.

“Integrating electronic reporting into the mobile app will reduce the administrative burden on small businesses and minimize the risk of errors when filling out documents,” said Yevhen Zaigraev, a member of PrivatBank’s Management Board responsible for corporate business and small and medium-sized enterprises.

“Privat24” generates the tax return based on transactions in the entrepreneur’s bank accounts and calculates the income received. The sole proprietor must verify the data and sign the document using SmartID, after which it will be sent to the State Tax Service.

Once the tax service accepts the tax return, the entrepreneur can pay taxes within the app. The service is available in the “Tax Returns” section, where users can also view previously filed returns.

According to the bank, the number of active Privat24 users in the first quarter of 2026 increased by 2% compared to the same period last year—to 13.7 million—while the number of active business clients rose by 4%, to 952,000.

PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of June 1, 2026, amounted to 965.11 billion UAH (22.7% of the total).

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National Police, Prosecutor’s Office, and Armed Forces of Ukraine Lead in Number of Crypto Declarations

According to data from Opendatabot, employees of the National Police, the Prosecutor’s Office, and service members of the Armed Forces of Ukraine filed the most cryptocurrency declarations for 2025.

The National Police remain in the lead: their employees filed 548 cryptocurrency declarations, accounting for 19.2% of all such declarations. Employees of the Prosecutor’s Office filed 358 declarations, or 12.5% of the total.

In third place are service members of the Armed Forces of Ukraine with 240 declarations, accounting for 8.4%. Next are representatives of the judicial system—223 declarations—followed by city councils—198—the State Emergency Service—107—the Security Service of Ukraine and the State Bureau of Investigation—107—regional councils—94—and the tax service—92. Another 894 declarations were filed by other agencies and institutions.

By region, the highest number of cryptocurrency declarations was filed in Kyiv—820. Second place goes to the Kyiv region with 277 declarations, and third to the Dnipropetrovsk region with 215. In the Kharkiv region, 200 such declarations were filed, and in the Lviv region, 174.

In total, Ukrainian officials filed 2,861 cryptocurrency declarations in 2025. This is 16% more than in 2024. At the same time, 265 declarations were submitted late—after April 1, 2026—and six cryptocurrency declarations were removed from public access.

The breakdown of crypto declarations shows that digital assets are increasingly appearing in asset disclosures from the security, law enforcement, and judicial sectors. This underscores the importance of financial monitoring, anti-corruption verification of the origin of funds, and the accurate valuation of crypto assets in these declarations.

A separate international analysis shows that Ukraine remains one of the world’s leading countries in terms of cryptocurrency adoption. According to Chainalysis’s Global Crypto Adoption Index 2025, the top 10 countries are: India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Chainalysis also notes that, when adjusted for population size, Ukraine ranks first in the world, ahead of Moldova, Georgia, Jordan, and Hong Kong.

Source: Opendatabot

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Number of Cryptocurrency Declarations in Ukraine Rose by 16%

Ukrainian officials filed 2,861 cryptocurrency declarations for 2025, which is 16% more than in 2024, according to Opendatabot data based on the Unified State Register of Declarations.

In total, declarants filed 654,159 declarations last year. In 2024, the number of cryptocurrency declarations was 2,468; in 2023, 1,921; in 2022, 1,481; and in 2021, 961. Thus, compared to 2021—before the war—the number of crypto tax returns has nearly tripled.

At the same time, 265 tax returns involving cryptocurrency for 2025 were filed late—after April 1, 2026. Another six declarations containing information on cryptocurrency were restricted from public access.

Representatives of the National Police are the most active in declaring digital assets. They filed 548 declarations involving cryptocurrency, or 19.2% of the total number of such declarations. Next are employees of the Prosecutor’s Office—358 declarations, military personnel of the Armed Forces of Ukraine—240, representatives of the judicial system—223, and city council employees—198.

Geographically, Kyiv leads the way, with 820 declarations containing cryptocurrency information filed there. Next are Kyiv Oblast—277 declarations, Dnipropetrovsk Oblast—215, Kharkiv Oblast—200, and Lviv Oblast—174.

Opendatabot does not provide the total value of all declared crypto assets, but some of the largest holdings are estimated at tens and hundreds of millions of hryvnias. In particular, the largest declared Bitcoin portfolio among officials for 2025 amounts to 100 BTC, which was valued at 278.8 million hryvnias as of June 10, 2026.

The increase in the number of declarations involving cryptocurrency indicates that digital assets have become a significant part of Ukrainian officials’ asset declarations. At the same time, this creates an additional need to verify the origin of such assets, the accuracy of their valuation, and the transparency of their declaration.

In the international context, Ukraine remains one of the world’s most active cryptocurrency markets. According to Chainalysis’s Global Crypto Adoption Index 2025, the top 10 countries by cryptocurrency adoption are: India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Ukraine ranks 8th in the overall ranking and 1st when adjusted for population size.

Source: Opendatabot

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