President of Ukraine Volodymyr Zelenskyy has signed Law No 9656d on additional temporary taxation of banks, according to the card of the bill on the parliament website.
The law provides for the taxation of banks' excess profits in 2023 at a rate of 50%, and starting next year at a rate of 25%.
The adoption of this law is also among the IMF requirements.
Earlier, the Ministry of Finance estimated that this law would bring in an additional UAH 24-25 billion for the next year's budget.
In addition, this law extends the duty-free import privileges for drones and their spare parts.
- Earlier, the IMF Board of Directors approved the transfer of about $890 million to Ukraine, which will be used for budget support.
- Also, as of the beginning of September, the general fund of the state budget received $29.7 billion or UAH 1,086.5 billion from international partners.
- In October, parliament passed a draft law on politically exposed persons (PEPs), which is one of the IMF's requirements, and the president signed it. The bill was also a requirement of the EU to start negotiations on Ukraine's membership.