The Ukrainian government stated that it has adopted a draft law on gradually increasing excise tax rates on tobacco products until 2028, according to which, among other things, it envisages replacing the hryvnia excise tax rate with the euro to prevent the impact of inflation. approved. This was reported by RIA News.
The publication states that Ukraine has planned to increase the excise tax on tobacco products by 20% annually since 2018. In this way, it was aimed to ensure the minimum consumption tax liability of “not less than 90 euros per thousand cigarettes” determined by the EU Directive.
The Ukrainian government emphasized that the predicted level could not be reached due to devaluation.
Before that, Ukrainian officials being ready Increasing taxes and fees to replace budget revenues by 0.5% of GDP, as required by the International Monetary Fund (IMF).
In the near future, the government will submit to parliament a bill introducing an additional military tax on individual entrepreneurs (IP).
Previously IMF started Revising the fiscal program for Ukraine.