By KYIV. Nov 16 (Interfax-Ukraine) – The Committee on Finance, Taxation and Customs Policy on Thursday recommended that the Verkhovna Rada adopt at the second and final reading the bill (No. 9656-d) on a temporary increase in the bank profit tax rate from 18% to 50% for 2023 and up to 25% in subsequent years.
“At the insistence of the IMF, the Ministry of Finance and the NBU, the text has been changed. This norm will be in the updated memorandum (with the IMF). Thus, profit tax for 2023 will be 50%, and in subsequent years, starting in 2024, the rate will decrease twofold – to 25%,” first deputy head of the committee Yaroslav Zhelezniak wrote on the Telegram channel on Thursday.
He clarified that, according to the Ministry of Finance’s calculations, this will bring UAH 24-25 billion in 2023, and in subsequent years – UAH 6-7 billion.
According to Zhelezniak, changing taxes retrospectively is “bad practice.” However, 22 committee members voted for such a bill, and only one abstained, the MP clarified.
