In Ukraine, will increase the excise tax on alcohol and tobacco
In Ukraine, more expensive alcoholic drinks and cigarettes, as a chain reaction, after the Cabinet proposes to increase the excise tax on these products. The bill approved today, July 19, at the government meeting. The document should take the Verkhovna Rada and signed by the President.
In particular, it is proposed to increase the excise tax on beer from 2.78 UAH/liter to 3.09 UAH/liter, fortified wine and vermouth from 8.02 to 8.92, sparkling from 11.65 to 12.95 UAH/liter, cider and other fermented beverages – 129,96 to 141,18 UAH per 1 liter of pure alcohol. About it writes “Economic truth”.
It is also proposed to raise the excise duty on ethyl alcohol with 126,96 to 141,18 UAH per 1 liter of pure alcohol; products containing ethyl alcohol of 8.5% and more with 169,27 to 188,23 UAH per 1 liter of pure alcohol.
Excise duty on wine remains unchanged (0.01 UAH).
Ukraine plans to cancel the requirement regarding minimum prices for cigarettes
For raw tobacco and waste tobacco substitutes, homogenized tobacco, tobacco extracts and essences excise is planned to increase from 559,78 to 622,48 UAH/kg, and for cigars and cigarillos.
Specific rate for cigarettes with filter and without, will be increased from UAH to 445,56 495,46 UAH per thousand pieces, ad valorem rate will remain at 12%.
The minimum excise tax liability with respect to excise tax on tobacco products for cigarettes with filter and without will be enhanced with 596,05 to 662,81 UAH per thousand pieces.
We will remind, Ukraine will introduce an electronic system of control over the turnover of alcohol and tobacco.