MP Hetmantsev wants to introduce 50% tax on bank profits in 2026

A Verkhovna Rada member from the Servant of the People faction, chairman of the parliamentary committee on finance, tax and customs policy, Danylo Hetmantsev, wants to introduce a 50% tax on bank profits in 2026.

He announced this on the Telegram channel, Ukrainian News Agency reports.

The MP recalled that during 2023-2024, the state made a decision on taxing bank excess profits at the end of the year.

But this year the tax was not raised, and banks will pay corporate income tax at the base rate of 25%.

"That war continues. And from year to year, the needs of the security and defense sector require increasingly large expenditures. Already now, the preparation of the State Budget for 2026 is prompting us to make difficult decisions, therefore, in order to ensure the predictability of tax policy, I consider it appropriate in advance (!) to raise the issue of a temporary increase in the bank profit tax rate for 2026. To this end, I have submitted for registration a corresponding bill, which proposes to temporarily establish an increased corporate profit tax rate for banks in the amount of 50% for 2026 with a simultaneous ban on taking into account losses from previous periods," the MP noted.

According to Hetmantsev, such an exceptional measure will make it possible to attract an additional UAH 30 billion to the state budget for 2026, which is a critically important resource for the state under martial law.

As Ukrainian News Agency earlier reported, banks earned UAH 14.421 billion in July and UAH 92.495 billion since the beginning of the year. In 2024, banks received UAH 91 billion in net profit after charging UAH 96 billion in income tax at an increased rate of 50%.