The Tax Committee of the Verkhovna Rada of Ukraine approved the increase in excise taxes
The Tax Committee of the Verkhovna Rada of Ukraine has supported the government's draft law No. 11090 on increasing excise taxes on cigarettes.
The document proposes to establish new excise tax rates on tobacco products starting from 01.01.2028, taking into account the minimum level set by Directive 2011/64/EU.
That is:
The excise tax on cigarettes will be pegged to the euro, not the hryvnia.
In 2025, the excise tax will increase by +23%, and then in 2016-2028 it will be +5%.
This year, the increase will be only in case of devaluation.
Details are in the table.
The implementation of the draft law will result in an increase in budget revenues due to additional revenues from the excise tax on tobacco products in the amount of about UAH 612 million in 2025, UAH 5 billion in 2026, UAH 9.3 billion in 2027, and UAH 13.8 billion in 2028.
In addition, the Committee supported as a basis the draft law No. 11256 on increasing excise taxes on fuel.
MP Yaroslav Zheleznyak provides a schedule of how this increase will be implemented.
But the situation with the gas excise tax is very interesting. The Ministry of Finance does not know how it happened that at the last minute they decided to increase the gas excise tax in different ways. There is a significant increase.
When I searched for documents, it turned out that the increase in gas was proposed by Ukrnafta .... More specifically, Rostyslav Shurma.
Instead of the excise tax on detective gas (70 euros, it will be 277 euros).
Buhgalter 911 notes that the content of the author's materials may not coincide with the policy and opinion of the editorial team. The authors of the published materials include not only representatives of the editorial team.
The information presented in a particular publication reflects the position of the author. The editorial team does not interfere with the author's materials, does not edit the texts, and is therefore not responsible for their content.