Increase in excise taxes on tobacco products: the law was adopted as a basis
The Verkhovna Rada supported in the first reading the draft law No. 11090 on increasing the excise tax on tobacco products.
Votes in favor - 249
The document establishes new excise tax rates on tobacco products starting from January 1, 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.
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.
We will reconsider the issue of HTPs, which is emphasized by civil society organizations, before the second reading.
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.