Bank Profit Tax will Rise to 50%: What This Means for Clients.

According to inkorr.com: The Financial Committee of the Verkhovna Rada has prepared a recommendation for parliament regarding the adoption of a draft law that envisages an increase in the tax on

bank profits

from 25% to 50%. The introduction of the new rate is planned for 2026, and, according to MPs, this could bring between 15 and 23 billion UAH to the state budget. This

was reported

by committee member Yaroslav Zheleznyak on his Telegram.

Draft Law No. 14097: Key Provisions

Draft Law No. 14097, initiated by

the head of the Financial Committee, Danil Hetmantsev

, aims at a temporary increase of the profit tax for banks. Importantly, financial institutions will not be able to account for past losses in their calculations. The increased rate will be in effect throughout 2026, with the first budget revenues expected as early as the beginning of 2027.

Key aspects of the draft law:

• The profit tax rate for banks in 2026 — 50%;
• The norm applies to all tax periods of 2026;
• Prohibition on accounting for past losses;
• Projected budget revenues — 15–23 billion UAH in 2026 and about 5 billion UAH in 2027.

Current Tax Rates for Banks in Ukraine

As of today, banks pay a profit tax at a rate of 25% (compared to 18% for most enterprises). At the same time, in 2023–2024, there was a rate of 50%, which was subsequently reduced.

According to the NBU, in the first half of 2025, solvent banks in Ukraine earned 78.1 billion UAH in profit, which is 1.1% less than in the same period of 2024. At the same time, 65.9% of the total profit came from state banks, which accounted for over 51 billion UAH.

The National Bank previously warned that further increases in tax for banks could be

"undesirable or even dangerous"

, as this might reduce lending rates and slow down the development of the financial sector.

Recently, the National Bank of Ukraine

improved currency regulation

, making important changes for businesses and private individuals. One of the key innovations was the ability to transfer dividends for 2023 up to 1 million euros per month.

Increasing the profit tax for banks will lead to significant changes in the country's financial policy. While projected revenues may strengthen the state budget, it is important to consider how this will affect lending and the development of the banking system. The discussion of this draft law has sparked lively reactions among market participants and experts, who note both potential benefits and risks.