In Ukraine, they want to raise the bank profit tax to 50%: who will be affected

The Financial Committee of the Verkhovna Rada recommended that the parliament adopt a bill that increases the tax on bank profits from 25% to 50%. The new rate will come into effect in 2026 and, according to the calculations of the deputies, could replenish the state budget by 15-23 billion UAH. This was reported by committee member Yaroslav Zheleznyak on his Telegram.

What tax rules for bank profits does bill No. 14097 propose

Bill No. 14097, submitted by Chairman of the Financial Committee Danilo Getmantsev, proposes a temporary increase in the tax on bank profits. At the same time, financial institutions will not be able to reduce taxable profit by the amount of losses from previous periods. The increased rate will apply for the entire year of 2026, and the first revenues to the budget are expected as early as the beginning of 2027.

Main provisions of the bill:

• tax rate on bank profits in 2026 - 50%;

• the norm applies to all tax periods of 2026;

• previous losses are not allowed to be taken into account when calculating the tax;

• expected budget revenues - 15-23 billion UAH in 2026 and about 5 billion UAH in 2027.

What is today's taxation of bank profits in Ukraine

For comparison: currently, banks pay a profit tax at a rate of 25% (compared to 18% for most businesses). An equivalent rate of 50% was already in effect in 2023-2024, but was later reduced.

According to the NBU, in the first half of 2025, solvent banks in Ukraine earned 78.1 billion UAH in profit - 1.1% less than in the same period of 2024. At the same time, 65.9% of the profit was generated by state banks, which accounted for more than 51 billion UAH.

The National Bank previously warned that further increasing the tax for banks is "undesirable or even dangerous," as it may lower the pace of lending and restrain the development of the financial sector.

Earlier, we wrote that the National Bank of Ukraine improved currency regulation, making several important changes affecting both businesses and individuals. One of the key innovations was the ability to transfer dividends for 2023 in the amount of up to 1 million euros per month.