Ukrainian parliament backs bill extending 50% bank profit tax to 2027
Ukraine’s Verkhovna Rada supported bill No. 15262 in first reading with 265 votes. The bill extends the 50% bank profit tax to 2027 and restricts banks from offsetting taxable income with losses from previous periods.
Pagrindiniai faktai
- Bill No. 15262 received 265 votes in Ukraine’s parliament in first reading.
- The proposal extends the 50% bank profit tax to 2027.
- Banks may offset accumulated losses for tax purposes starting in 2028.
- The parliamentary finance committee estimates about 50 billion hryvnias in additional 2027 revenue.
- Dmytro Hetmantsev said the measure would generate 38 billion hryvnias.
- The bill must pass a second reading before becoming law.
Kodėl tai svarbu
The bill could provide Ukraine with substantial additional budget revenue in 2027 while keeping restrictions on banks’ use of past losses in place through that year. It also reflects continued parliamentary scrutiny of banks’ unusually high profits during the full-scale war. The proposal still requires a second reading before taking effect.
Kas nutiko
Ukraine’s Verkhovna Rada supported bill No. 15262 in first reading with 265 votes. The bill would extend the 50% bank profit tax to 2027 and prohibit banks from reducing their taxable financial result by losses accumulated in previous periods. Banks could use accumulated losses for tax purposes starting in 2028. The parliamentary committee recommended adopting the bill as a basis and in its entirety, while the bill must still pass a second reading.
Kaip apie tai rašo Ukrainos šaltiniai
Ukrainian reporting focuses on the parliamentary procedure, restrictions on tax-loss deductions and potential revenue for the state budget. Dmytro Hetmantsev argues that banks earn significant profits largely through transactions involving government securities and National Bank of Ukraine deposit certificates. The proposal also reflects the view that part of banks’ exceptional profits should help meet the armed forces’ needs.
Kuo skiriasi pranešimai
Estimates of the additional budget revenue differ. The parliamentary finance committee expects about 50 billion hryvnias in 2027, while Dmytro Hetmantsev said the higher tax would generate 38 billion hryvnias.
Kontekstas
Ukraine taxed bank profits at 50% for 2023 and 2024, restored the rate to 25% in 2025 and raised it to 50% again in 2026. Earlier increases generated additional budget revenue, but the central bank and Ministry of Finance warned that higher taxes could reduce banks’ purchases of government bonds. In July 2026, the IMF recommended ending the 50% rate after 2027 and replacing it with permanent revenue sources. The central bank reported in August 2026 that banks’ net profit had fallen by one-third because of the higher tax.