President signs bill on additional taxation of banks' income
Kyiv • UNN
The President of Ukraine has signed a bill to increase the bank profit tax rate to 50% in 2023 and then to 25%, which is expected to bring in UAH 24-25 billion in 2023.
The President of Ukraine has signed a bill on raising the corporate income tax rate for banks, UNN reports with reference to the to the document card.
Details
According to MP Yaroslav Zheleznyak, the bill provides for an increase in the income tax rate for banks from 18% to 50% in 2023 and up to 25% in the following years.
According to the Ministry of Finance, this will bring only UAH 24-25 billion in 2023 alone. Then it will be 6-7 billion.
As Zheleznyak noted, the increase in the of the corporate income tax is one of the IMF's requirements.
As a reminder
On October 19, the Verkhovna Rada supported in the first reading the draft law No. 9656-d on additional taxation of banks' income. At that time, an increase from 18% to 36% was proposed.
After long discussions, the second reading was followed by amendments were made to the second reading and the corporate income tax rate was increased from 18% to 50% in 2023 and to 25% in the following years.
In the second reading and in general, the parliament voted for the document on November 21.