Ukraine’s parliament has passed a draft law No. 14097 amending the Tax Code to increase the corporate profit tax on banks from 25% to 50% in 2026. The initiative, reported by MP Yaroslav Zhelezniak of the Holos parliamentary faction, aims to strengthen the financial sector and increase state revenue. The measure is intended to address current economic challenges and ensure the stability of Ukraine’s banking system.
The proposed tax change comes as part of broader efforts to reform the country’s financial regulations and ensure compliance with international standards. The government is expected to finalize the legislation in the coming months, with the new tax rate taking effect on January 1, 2026. This move is anticipated to impact both domestic and international banking operations within Ukraine and may influence investment decisions and policy outlooks.
Industry experts suggest that the increased tax could affect the profitability of Ukrainian banks, potentially leading to adjustments in lending practices or cost management strategies. However, the long-term effects on the economy remain to be seen. The decision marks a significant step in the country’s financial policy and reflects ongoing efforts to balance economic growth with fiscal responsibility.