The National Bank of Ukraine is proposing to introduce additional taxes on non-priority imports, from foreign online purchases to luxury goods. Such a move, the regulator believes, will help reduce the state budget deficit, which has already exceeded $24.9 billion in the first nine months of 2025.
As stated in the NBU's October inflation report, the new taxation may apply to parcels from abroad worth up to 150 euros, electric vehicles, as well as goods that are not critical to the economy during the war.
The National Bank explains that such measures are designed to balance public finances, reduce currency pressure, and support the country's macro-financial stability. Despite this, the document acknowledges that the introduction of such taxes will have certain negative consequences for the economy and consumers, but they will be limited and will not affect the state's defense capabilities.
"It is advisable to introduce taxation of non-priority imports, including parcels, electric vehicles, and luxury items. This will help reduce the current account deficit of the state budget and maintain macro-financial stability," the NBU report states.
According to economists, the proposal may become sensitive for the middle class, as it is they who most often use international online stores and order goods up to 150 euros. At the same time, taxing electric vehicles may slow down the pace of transport electrification in Ukraine, which contradicts previously adopted state strategies.
The National Bank's initiative is currently under discussion, and its implementation requires amendments to the current legislation. The final decision on the new taxes must be made by the government together with the Verkhovna Rada.
