This was reported by ‘Ekonomichna Pravda’, citing MP Yaroslav Zheleznyak. The initiative was supported by 265 MPs. It should be noted that 450 MPs are elected to the Verkhovna Rada of Ukraine, but as of the end of September 2026, due to resignations and other circumstances, there were 392 serving MPs in the legislature. It is not specified how many of them took part in the vote.
As noted by EP, in addition to maintaining the 50 per cent rate, the bill prohibits banks from reducing their taxable profit by offsetting it against losses from previous years. Offsetting such losses will once again be permitted from 1 January 2028.
The bill still has to undergo a second reading. Earlier, the National Bank of Ukraine stated that extending the 50 per cent bank profit tax jeopardises the banks’ ability to support the country’s economy to the necessary extent in the context of the war.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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