diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6f3655065..2d7e494ea 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -55,6 +55,8 @@ Changelog for NeoFS Node
 
 ### Updated
 
+- `neofs-contract` to `v0.16.0`
+
 ### Updating from v0.32.0 
 Replace using the `control netmap-snapshot` command with `netmap snapshot` one in NeoFS CLI.
 Node can now specify additional addresses in `ExternalAddr` attribute. To allow a node to dial
diff --git a/go.mod b/go.mod
index 531bb2195..7df83430d 100644
--- a/go.mod
+++ b/go.mod
@@ -18,7 +18,7 @@ require (
 	github.com/nspcc-dev/neo-go v0.99.2
 	github.com/nspcc-dev/neo-go/pkg/interop v0.0.0-20220809123759-3094d3e0c14b // indirect
 	github.com/nspcc-dev/neofs-api-go/v2 v2.13.2-0.20221005093543-3a91383f24a9
-	github.com/nspcc-dev/neofs-contract v0.15.5-0.20220930133158-d95bc535894c
+	github.com/nspcc-dev/neofs-contract v0.16.0
 	github.com/nspcc-dev/neofs-sdk-go v1.0.0-rc.6.0.20221013072718-21eef1ae7f7d
 	github.com/nspcc-dev/tzhash v1.6.1
 	github.com/panjf2000/ants/v2 v2.4.0
diff --git a/go.sum b/go.sum
index d3e1a1d3e..dca4e1cf5 100644
Binary files a/go.sum and b/go.sum differ