Business news from Ukraine

Business news from Ukraine

Banks will pay UAH 44.52 billion in corporate income tax for first half of 2024

9 January , 2025  

This is 1.7 times more than in the same period in 2023

Ukrainian banks paid UAH 44.52 billion in income tax for 11 months of 2024, according to the National Bank of Ukraine. This is already 1.7 times more than in the same period in 2023. Of this amount, a record UAH 7.05 billion was paid in November 2024, after the tax rate was increased from 25% to 50%.

More than UAH 44.5 billion in income tax is due from 62 Ukrainian banks for the first half of 2024. This is already 1.7 times more than in the same period of 2023. Last year, the tax for banks was also increased in the last quarter.

Banks paid the largest amount of taxes for the year so far in November: UAH 7.05 billion. More than half of this amount – UAH 4.47 billion, or 63% – was paid by banks with foreign capital.

Overall, banks’ profit before taxes amounted to UAH 175.6 billion. This is a 12% increase compared to the same period in 2023.

11 banks suffered losses of UAH 388 million. Currently, 18% of Ukrainian banks are unprofitable.

https://opendatabot.ua/analytics/banks-2024-11

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