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Finance committee recommends that Rada extend increased corporate income tax rate for banks

Taxes. Photo: depositphotos
Taxes. Photo: depositphotos

The finance committee has recommended that the Verkhovna Rada of Ukraine adopt, in principle and in its entirety, draft law No. 15262 on the specifics of bank profit taxation.

Danylo Hetmantsev, a Verkhovna Rada member from the Servant of the People faction and the chairman of the parliamentary committee on finance, tax, and customs policy, announced this on his Telegram channel, the Ukrainian News agency reports.

The bill proposes to extend the application of an increased corporate income tax rate of 50% for banks through 2027, while simultaneously prohibiting the reduction of pre-tax financial results by the amount of losses from previous periods.

According to the Ministry of Finance’s estimates, if adopted, the bill would generate UAH 50 billion for the consolidated budget based on the results of the 2027 tax periods.

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As the Ukrainian News agency earlier reported, banks earned a record UAH 126.8 billion in profit in 2025, which is 22% more than in 2024 (UAH 103.7 billion).

Net interest income remained the main source of profit, given the stable yield on loans and portfolio growth.

The main factor behind the year-over-year profit growth was the elimination of the 50% surtax, which is set to return in 2026.

At the same time, the sector’s return on equity based on pre-tax profit gradually declined—to 50% in 2025, compared to 52.4% in 2024 and 58.6% in 2023.

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