KYIV, Nov 21 – The Verkhovna Rada on Tuesday adopted at the final reading and a bill (No. 9656-d) on a temporary increase in the bank profit tax rate from 18% to 50% for 2023 and a permanent increase to 25% in subsequent years, First Deputy Head of the relevant parliamentary committee Yaroslav Zhelezniak has said.

"At the insistence of the IMF, the Ministry of Finance and the NBU, the text has been changed. This provision will be in the updated memorandum (expected in mid-December)," he wrote on his Telegram channel, clarifying that 229 MPs backed the bill with the required minimum of 226 votes.