The government of Ukraine proposes to increase the excise tax rate for alcoholic beverages classified as “intermediate products” from 8.42 to 12.23 UAH per 1 liter, i.e. to the level of the rate for sparkling and carbonated wines.
As reported by the Ministry of Finance, the corresponding bill with amendments to the Tax Code, the Cabinet of Ministers approved at a meeting on Friday.
“Revision of excise duties is due to the need to bring national legislation closer to the legislation of the European Union, which is relevant in view of Ukraine’s status as a candidate country for EU membership,” the Finance Ministry said.
The document provides for bringing in compliance with the norms of the EU Council Directive No. 92/83/EEC classification of alcoholic beverages in the part concerning the definition of the term “intermediate products” – wines and other fermented beverages referred to codes 2204, 2205, 2206 according to the Ukrainian classification of goods for foreign economic activity. In particular, we are talking about vermouth, cider and perry.
The Ministry of Finance predicts an increase in revenues from such an increase at the level of 4.5 million UAH per month.
CABINET OF MINISTERS, CIDER, excise duties, vermouth
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