Starting today (April 21), the National Bank has expanded the capabilities of banks regarding operations for the sale of foreign currency in cash to citizens. This is stated in the press service of the NBU.

From April 21, when calculating the volume of foreign currency in cash that a bank can sell on the foreign exchange market, not 100%, but 120% of the volume of purchases of non-cash currency from the population will be taken into account, which was allowed from April 13, 2022.

This is not the only relaxation of the NBU. In particular, the regulator softened a number of administrative restrictions. This should create conditions for the launch of the e-residency project. Thus, the NBU allows e-residents (after paying taxes in Ukraine) to transfer funds in foreign currency to their accounts abroad, received to accounts in Ukrainian banks from non-residents (for services or work provided).

As noted in the NBU, such changes will not put pressure on the foreign exchange market and international reserves of Ukraine, because within the framework of such operations there will be no purchase of foreign currency - the transfer will be carried out at the expense of foreign currency received by the e-resident from abroad.

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Recall that from April 1, 2023, amendments to the Tax Code came into force, which allow foreign citizens who have acquired the status of an e-resident and registered themselves as an individual entrepreneur to carry out entrepreneurial activities and pay taxes in Ukraine without leaving their country of residence or stay. It is planned to attract about 1 thousand to Ukraine. e-residents. Will famous athletes and IT specialists pay taxes now?.