The Verkhovna Rada of Ukraine Adopted in the First Reading a Draft Law on Maintaining the Elevated Corporate Income Tax Rate for Banks

Press service of the Verkhovna Rada of Ukraine
Published on 27 October 2026, at 12:43

On October 27, 2026, the Verkhovna Rada of Ukraine adopted in the first reading as a basis the draft Law on Amendments to the Tax Code of Ukraine Regarding the Specifics of Corporate Income Taxation for Banks (Reg. No. 15262 of May 20, 2026), submitted by People's Deputy of Ukraine D.O. Hetmantsev and other People's Deputies of Ukraine.

The draft law proposes to extend the application of the elevated 50% corporate income tax rate for banks through 2027, while simultaneously prohibiting the reduction of the pre-tax financial result by the amount of losses incurred in previous periods.

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