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The Rada raised the profit tax for Ukrainian banks

Photo: Telegram / Yaroslav Zheleznyak

The bank taxation bill stipulates that the profit tax will increase from 18% to 50% by the end of this year.

The Verkhovna Rada adopted a bill on the taxation of banks and now the income tax will increase from 18% to 50% by the end of 2023. MP Yaroslav Zheleznyak announced this on his Telegram channel on Tuesday, November 21.

According to him, the law was supported by a total of 229 deputies.

He added that at the request of the IMF, the Ministry of Finance and the NBU, the text for the second reading was changed:

  • income tax for 2023 will be 50%;

  • in subsequent years, starting in 2024, the rate will be 25%.

“According to the calculations of the Ministry of Finance, it will bring 24-25 billion hryvnias only in 2023. After that it will be 6-7 billion hryvnias,” said Zheleznyak.

The representative of the people added that a provision has been added to the same bill stating that the import VAT exemption for the import of drones, thermal imagers, walkie-talkies and anti-drone guns will continue for one year.

As we have already written, the Business Ombudsman Council received 310 complaints from entrepreneurs about the unfair behavior of state regulatory authorities and closed 180 cases based on the results of their work in the third quarter of 2023 As of early November, 99 cases were still under investigation.

Let’s recall that on November 8, 2023, the parliament adopted a law on the redirection of the so-called military tax on personal income (NDFL) from local budgets to the state budget to direct these funds mainly in the purchase of drones and weapons.

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Source: korrespondent

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