By KYIV. Nov 21 (Interfax-Ukraine) – The Verkhovna Rada on Tuesday adopted at the final reading and a bill (No. 9656-d) on a temporary increase in the bank profit tax rate from 18% to 50% for 2023 and a permanent increase to 25% in subsequent years, First Deputy Head of the relevant parliamentary committee Yaroslav Zhelezniak has said.
“At the insistence of the IMF, the Ministry of Finance and the NBU, the text has been changed. This provision will be in the updated memorandum (expected in mid-December),” he wrote on his Telegram channel, clarifying that 229 MPs backed the bill with the required minimum of 226 votes.
Initially, the bill, adopted at the first reading on October 19, provided for a temporary increase in income tax to 36% in 2024-2025.
The adopted law prohibits banks from attributing losses of previous years to profit in 2023, but from 2024 this will again be possible.
“According to the Ministry of Finance’s calculations, this will bring UAH 24-25 billion in 2023 alone. After that, it will be UAH 6-7 billion,” Zhelezniak said.
He added that the adopted bill also contains amendments to extend for the next year the exemption from import duty and VAT on operations for the import of UAVs, optical and collimator sights, night vision sights, thermal imaging binoculars, monoculars and vision devices into the customs territory of Ukraine.
