The Financial Reporting System Management Commission announces the approval of the electronic format of the UA IFRS XBRL Taxonomy 2025 (v.1.0), which will be applied in the preparation of annual financial statements for 2025 and interim financial statements in 2026. The relevant decision was adopted on 2 December 2025 at a meeting of the Committee established in accordance with Memorandum of Understanding No. 102/15 dated 18 December 2017.
The specified format is recommended for further use by reporting entities in the preparation of annual financial statements for 2025 as well as interim financial statements in 2026 in a single electronic format.
What the approval of the UA IFRS XBRL Taxonomy 2025 means
The approval of the updated UA IFRS XBRL Taxonomy is a key milestone in the development of Ukraine’s financial reporting system and an integral part of the digitalization of the regulatory environment. The document defines a unified data structure for the submission of financial statements in accordance with International Financial Reporting Standards (IFRS).
Who the Taxonomy applies to
The UA IFRS XBRL Taxonomy 2025 applies to business entities that, under applicable legislation, are required to prepare and submit financial statements in accordance with IFRS, including:
- securities issuers; banks and financial institutions;
- insurance companies;
- large enterprises and public-interest entities, as well as other business entities required to submit IFRS financial statements.
Where the electronic Taxonomy file is published
Reporting entities have been granted access to the electronic file of the UA IFRS XBRL Taxonomy 2025 (v.1.0) for practical use. The file has been published on the official resources of the regulators:
- the National Securities and Stock Market Commission (NSSMC) – www.nssmc.gov.ua – as the capital market regulator and the authority responsible for publishing the taxonomy;
- the National Bank of Ukraine – www.bank.gov.ua – for reporting entities under the NBU’s supervision;
- the Financial Reporting System – www.frs.gov.ua – for the submission and processing of financial statements in XBRL format.
Using the official version of the Taxonomy is critically important for the correct preparation and submission of financial statements.
Deadlines for submitting financial statements in XBRL format
Information on the start of submission of financial statements for 2025 prepared on the basis of the UA IFRS XBRL Taxonomy, within the XBRL reporting requirements and electronic financial reporting format, in a single electronic format to the Financial Reporting Collection Center, will be announced additionally after completion of the technical configuration of the Financial Reporting System.
We recommend that reporting entities do not postpone preparatory measures and adapt their internal processes to XBRL reporting requirements in advance.
Practical risks and common mistakes in preparing XBRL reporting
Key risks for businesses:
- use of an outdated or unofficial version of the Taxonomy; incorrect mapping of financial indicators;
- technical errors during validation of XBRL files;
- non-compliance of accounting policies with IFRS requirements.
How to minimize risks:
- engage auditors and consultants with practical XBRL experience;
- conduct a preliminary diagnostics of financial statements;
- test the generation of XBRL files before the official submission start.
Expert support from Kreston Ukraine
Kreston Ukraine has practical experience in supporting clients with IFRS financial reporting, XBRL reporting, and interactions with regulators. Our experts provide:
- consultations on the application of the UA IFRS XBRL Taxonomy 2025;
- verification of the accuracy of XBRL files prior to submission;
- audit support and independent assessment of financial statements;
- assistance during regulatory inspections.
Kreston Ukraine is part of Kreston Global, an international network of independent audit and consulting firms operating in more than 110 countries worldwide.
Frequently asked questions about the UA IFRS XBRL Taxonomy 2025
Is it mandatory to use the UA IFRS XBRL Taxonomy 2025 in 2026?
Yes. For the preparation of interim financial statements in 2026, the UA IFRS XBRL Taxonomy 2025 (v.1.0) must be used.
Where can the current version of the Taxonomy be verified?
The current version is published exclusively on the official websites of the NSSMC, the NBU, and the Financial Reporting System.
Is there liability for errors in XBRL reporting?
Yes. Submission of incorrect financial statements may result in regulatory inquiries, penalties, and the need for resubmission.
Need a consultation?
Contact the Kreston Ukraine team to prepare for XBRL reporting without risks and in full compliance with all regulatory requirements for 2026.
