On 17 June 2026, the Verkhovna Rada Committee on Finance, Taxation, and Customs Policy issued its conclusion on Draft Law No. 15262, which introduces amendments to the Tax Code of Ukraine regarding the specifics of taxing banks with the corporate income tax.
The Draft Law is aimed at mobilising additional state budget revenues to ensure the financing of the security and defence sector.
In particular, the Draft Law provides for:
- establishing a corporate income tax rate for banks at 50% for the periods of 2026–2027;
- introducing a prohibition on reducing the pre-tax financial result by the amount of losses from previous years.
Such a rate may significantly limit business lending. Since profit is the basis of bank capital, its withdrawal will reduce the ability of financial institutions to finance the real sector. For entrepreneurs, this will mean higher interest rates, stricter loan conditions, and an increase in the number of loan rejections.
We will continue to closely monitor further developments in this area, particularly regarding this Draft Law, and report on them in the future Legal News.
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