All funds from the increase in the bank profit tax will be directed to financing the army
The Parliamentary Committee on Finance, Tax and Customs Policy recommended that the Verkhovna Rada adopt as a basis and in full draft law No. 15262, which proposes to increase the bank profit tax rate from 25% to 50%.
As explained by the Committee, the state creates opportunities for banks to receive additional income through instruments with minimal risks, in particular operations with deposit certificates and domestic government bonds. In this regard, it is proposed to allocate part of such profits to defense needs.
The Rada notes that under wartime conditions, the banking sector has developed features that affect the income structure.
The National Bank of Ukraine places deposit certificates on the market, which are actively purchased by commercial banks. Banks also invest in domestic government bonds. These instruments are practically risk-free but bring a significant portion of the banking sector's profits.
As a result, bank profitability increases every year.
According to the results of the first quarter of 2026, the banking sector showed a 20% profit increase compared to the same period last year and almost a threefold increase compared to 2021.
It is also noted that the return on bank capital in Ukraine is approximately twice the average indicator in European countries, while banks remain stable and comply with all regulatory requirements.
Given the increase in profitability and the specifics of income generation, it is proposed to increase the tax rate for the banking sector to 50%.
It is expected that additional budget revenues will be directed to financing the Defense Forces of Ukraine.
The changes are explained by the need to redistribute part of the profits obtained, including through risk-free financial instruments, to the state's priority needs under wartime conditions.
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