• 13/06/2024 02:13

The government proposes to raise excise taxes on fuel and alcohol

The Cabinet of Ministers approved the draft amendments to the Tax Code of Ukraine to bring Ukrainian legislation closer to the legislation of the European Union in terms of excise tax. The proposal must still be adopted by the Verkhovna Rada. This was stated by the permanent representative of the Cabinet of Ministers in the Verkhovna Rada Taras Melnichuk.

The government proposes to raise excise taxes on fuel and alcohol

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The purpose of the bill is to bring excise tax rates closer to the minimum level established in the EU.

Thus, it is proposed to establish the following excise tax rates: on gasoline 359 euros per 1000 liters, on gas oil (diesel fuel) – 330 euros per 1000 liters, on liquefied gas – 277 euros per 1000 liters.

Currently, these excise taxes are 215.5 euros on gasoline, 139.5 euros on diesel fuel and 70 euros on gas.

At the same time, schedule of annual increases in such rates from July 1, 2024 to December 31, 2027.

The draft law also proposes to define the term “intermediate products” as wines and other fermented drinks (including mixtures of fermented drinks and mixtures of based on fermented drinks), the actual strength of which is higher than 1.2% of volume units of ethyl alcohol, but not higher than 22%.

There is also an increase in the excise tax rate from 8.42 to 12.23 hryvnia per 1 liter ( by 3.81 hryvnia) for intermediate products (up to the level of the current rate for sparkling wines and carbonated wines, fermented drinks, flavored sparkling wines (drinks)).

minfin.com.ua

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