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Ukraine Parliament Considering Temporary Windfall Tax on Banks

06 September 2023

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Proposed Changes

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Ukraine

The Ukraine Parliament is considering Draft Law 9656, which provides for the introduction of a windfall tax on banks. The windfall tax would be levied at a rate of 5% on the net interest income of banks in addition to the standard corporate income tax. The tax would be levied for a period of three years from 1 January 2024 to 31 December 2026.