Ukrainian businesses now have a powerful tool to simplify routine tasks. PrivatBank has integrated a service into its flagship 'Privat24' application that allows entrepreneurs to fully manage their financial cycle without leaving home. Now, preparing reports and paying taxes has become a process that takes just a few minutes on a smartphone screen.

From bank to digital office

The financial institution positions this update as a step towards realizing the 'bank as a digital business hub' model. The main goal of the innovation is to minimize bureaucratic procedures, which traditionally take up a significant amount of time for small and medium-sized business owners.

Eugeny Zaygraev, a member of the bank's board for corporate business and SME, emphasized that integrating electronic reporting into the mobile app is designed to reduce administrative burden and, critically, minimize the risk of human error when filling out documents.

How the new system works

The key feature of the service is automation. The system takes over the routine of forming declarations, performing the necessary calculations automatically. This allows the entrepreneur to go through the entire reporting process without intermediaries and paperwork.

The process looks like this:

  • The user creates a tax declaration directly in the app.
  • The document is signed with an electronic signature.
  • The declaration is instantly sent to the State Tax Service.
  • Based on the accepted report, the entrepreneur can immediately pay taxes in the same interface.

Thus, the full cycle of tax administration — from document preparation to the actual fulfillment of obligations — now takes place in a single mobile service.

Context of changes for sole proprietors

The launch of the new functionality comes against the backdrop of other changes in working with entrepreneurs. Earlier, PrivatBank announced the introduction of a new tariff model for individual entrepreneurs (sole proprietors), which was scheduled to come into force on January 1, 2026. The bank also continues to explain to clients what factors determine the size of commissions and what age restrictions exist for obtaining credit limits on cards.