Ukraine: Increased corporate tax rate for banks, extended VAT exemptions for energy-generating equipment
Laws Nos. 4698-IX and 4710-IX
The Parliament in December 2025 adopted laws Nos. 4698-IX and 4710-IX, which:
- Increased the corporate income tax rate for banks from 25% to 50% for fiscal year 2026
- Extended value added tax (VAT) and customs duty exemptions on the import of energy-generating equipment set to expire on January 1, 2026, until January 1, 2029, and expanded the scope of exempt equipment to include wind turbines
- Extended the VAT exemption on imports of unmanned aerial vehicles, thermal imagers, sights, rangefinders, radios, anti-drone guns, and other defense equipment until January 1, 2027
- Postponed implementation of the electronic system for tracking alcohol, tobacco, and e-cigarette liquids to November 1, 2026.
For more information, contact a KPMG tax professional in Ukraine:
Oksana Olekhova | oolekhova@kpmg.ua