Over 3,500 Millionaires Declare Income in Ukraine's Latest Financial Disclosure Drive.

Ukraine's 2025 Asset Declaration Campaign Kicks Off

According to Novyny.live: As of early March 2025, more than 46,000 asset and income declarations have been filed in Ukraine, reporting a combined income of 32.4 billion hryvnias. The nation's wealthiest citizens, a group exceeding 3,500 millionaires, contributed a substantial portion of this declared total. This mandatory disclosure process is a key anti-corruption and transparency measure introduced in recent years.

Top Regions by Declared Income

The capital city of Kyiv leads the regions with taxpayers declaring 6.6 billion hryvnias in income. Lviv Oblast follows in second place with 3.0 billion hryvnias, ahead of:

• Dnipropetrovsk Oblast with 2.9 billion hryvnias
• Kyiv Oblast with 2.8 billion hryvnias

Ukrainian millionaires collectively reported 14.6 billion hryvnias in income and calculated 445 million hryvnias in tax liabilities.

The most common sources of income declared by citizens include:

• Inheritance and gifts - 2.9 billion hryvnias
• Sale of movable and immovable property - 819.1 million hryvnias
• Foreign income - 733.2 million hryvnias
• Income from property rental - 406 million hryvnias
• Other taxable income - 340.6 million hryvnias
• Investment income - 227.3 million hryvnias

The declaration campaign continues until May 1, 2025, allowing citizens to complete their filings. It is important to note that to receive a tax rebate, declarations must be submitted by December 31, 2025. These figures indicate significant public engagement with the income declaration process, which is crucial for ensuring financial transparency.

This data underscores the importance of income declaration for Ukrainian citizens, as the process not only ensures transparency in financial relations but also forms the basis for tax revenues to the state budget.

The high level of participation, particularly among millionaires, points to a growing sense of responsibility in meeting tax obligations, which can positively influence the country's economic situation. Given the ongoing campaign, the number of filed declarations is expected to rise further by the final deadline, potentially increasing state revenue.