Excise duty on coal, gas and electricity may be imposed in Ukraine
Excise duty on natural gas, coal and electricity may be imposed in Ukraine, the excise duty on cigarettes will be rising by 15% annually, and the minimum rate of excise duty on alcoholic beverages will be 5.5 euro per 1 liter of 100% alcohol.
This was discussed at the international conference "Implementation of the Association Agreement: where to start?", the "UNIAN" citing the "Ekonomichni Izvestiya" reported.
Over the next 13 years (until 2027) following the signing of the Association Agreement with the EU, subject to the directive of the Council of the European Union, Ukraine will have to raise the minimum excise tax on tobacco by 15% annually.
According to the Directive, excise taxes on alcohol and beer will increase over the next 5 years. A more detailed schedule of excise duty increase shall be determined by the Council of the Association.
The minimum excise tax on alcoholic beverages should be 5.5 euro per 1 liter of 100% alcohol.
The minimum rate of excise duty on sparkling and non-sparkling wine (alcohol of fermented origin) will be 0%. The minimum excise rate on beer will be 0.0187 euro per 1 liter of 100% alcohol.
Also, according to the Directive, not only alcoholic beveragesx, beer and cigarettes will be subject to excise duty, but also energy.
According to the Directive, the changes will also affect the value added tax.
The VAT rate in Ukraine can not be below the EU minimum - 15% (currently, the rate of VAT in Ukraine is 20%). EU legislation also allows for special (lower or higher) VAT rates for certain groups of goods or services.