In the second reading, the Verkhovna Rada adopted draft law No. 15262, which extends the increased rate of bank income tax for another year - until the end of 2027. 303 people's deputies voted for the decision.
Financial institutions have been paying income tax at a rate of 50% for some time instead of the standard 25% - the increased rate was introduced as a temporary tool to siphon off the excess profits banks made from high wartime interest rates. The adopted law means that banks will have to work under these conditions for another year.
What else does the law provide?
In addition to maintaining the 50% rate, the document prohibits banks from reducing taxable income by losses from previous years. This norm will be valid until 2028 - banks will be allowed to take old losses into account again only from January 1, 2028.
The Council's profile committee on finance, tax and customs policy recommended adopting the draft law on June 16, and in the first reading the deputies supported the document on October 27.
For the state budget, the continuation of the increased tax is a way to get additional revenues from the banking sector, which has demonstrated record profitability in recent years. For the banks themselves, this means that capitalization and dividend distribution plans will have to be adjusted for another year - especially since the NBU has already increases the requirements for the minimum capital of banks to UAH 250 million from 2027.
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