Ukrainian Parliament preliminarily approves bill raising bank profit tax to 50% for 2027
The Verkhovna Rada, as expected, passed at first reading a bill on the specifics of bank profit taxation (No.
The Ukrainian Parliament's Verkhovna Rada has approved a bill in its initial reading that will raise the bank profit tax rate from 25% to 50% in 2027. A total of 265 MPs voted in favor, surpassing the required 226 votes. This marks the fourth time the Rada has taken this decision, with each previous attempt proving successful in bringing additional funds to the budget from the banking sector.
According to co-author Danylo Hetmantsev, banks' pretax profit in the first eight months of 2026 reached approximately UAH 143.1 billion, up 5.3% from the same period last year and 2.9 times higher than in 2025. Despite this, the National Bank reported a 32.7% drop in net profit to UAH 71.66 billion, as corporate income tax remained at 25% last year.
Hetmantsev confirmed that the extra revenue from the higher bank profit tax rate has already been included in the 2027 state budget draft, amounting to UAH 38.5 billion.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
