Finance Ministry and NBU against raising income tax for banks to 50% - Zhelezniak

The Ministry of Finance and the National Bank are against raising the income tax for banks to 50% within the bill on raising certain types of taxes.

The member of the Verkhovna Rada from the Holos faction, the first deputy chairman of the tax committee, Yaroslav Zhelezniak, announced this on his Telegram channel, the Ukrainian News agency reports.

"The Ministry of Finance spoke openly against raising the tax on banks to 50%. First, the IMF is against. Second, they say that then there is a risk of internal borrowing. Well, I agree with them. It is difficult to argue here. This norm is removed from the law," the MP wrote.

According to his data, the National Bank also opposed this initiative, noting that it is a risk of additional recapitalization of state banks.

As the Ukrainian News agency earlier reported, the text of the finalized government bill, which they want to submit to the committee soon and to the Rada in the first weeks of September, provides for:

- increase in the military levy rate from 1.5% to 5%;

- establishment of a military levy for individual entrepreneurs of the first and second groups in the amount of 10% of the minimum wage;

- ⁠establishment of a military levy in the amount of 1% for the third group of the unified tax;

- establishment of monthly advance payments for gas stations, but with a revised version;

Of the newly added:

- setting the income tax rate for banks at 50% for 2024;

- ⁠an increase in the income tax rate for financial companies to 25%;

- ⁠monthly reporting on personal income tax.