Rada adopted amendments to the Tax code that will increase tobacco excise tax by 30% in 2018

The Verkhovna Rada adopted in first reading bill No. 6776-d on amendments to the Tax code of Ukraine, which include increasing excise taxes on tobacco products, reports the correspondent of the edition «GORDON».

The bill was supported by 260 deputies at minimum necessary 226.

The bill provides for the increase, by 2025, the specific excise tax rates on tobacco products and the minimum excise tax liability with respect to excise tax on tobacco products: in 2018 – 29.7%, in subsequent years, – 20% to a level equivalent to €90 for 1 thousand pieces.

The explanatory Memorandum States that the bill will allow to increase receipts in the budget of Ukraine. The authors of the bill predict that revenues from the implementation of the provisions of this bill in 2018 will be of 12.46 billion, of which at the expense of excises on tobacco – 11,74 billion.

In addition, the bill suggests an increase in environmental tax rates by 11.2%, and the rates of rent for the use of subsoil for purposes not related to mining of minerals, the rental fee for special use of water and special use of forest resources by 16.8%.

In December 2016, the Parliament has accepted changes in the Tax code, increasing excise taxes on tobacco and alcohol.




Rada adopted amendments to the Tax code that will increase tobacco excise tax by 30% in 2018 15.11.2017

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Ноябрь 15th, 2017 by
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