Ukraine’s Verkhovna Rada has passed an amendment to the Tax Code, according to which the excise duty on fruit and berry wines is reduced to UAH 0.01 per liter, Head of the Ukrsadvynprom association Volodymyr Pechko has said. “The Verkhovna Rada reduced the excise duty on fruit and berry wines and equated it to the excise duty on grape wines. Previously, it was equated with liquor and vodka products. This industry was dilapidated when there was ‘draconian’ legislation. And now the conditions are optimal to resume production of fruit and berry wines,” he told Interfax-Ukraine.
According to a comparative table, the tax rate on non-sparkling wines with 1.2-15% ABV will be UAH 0.01 per liter.
According to the head of Ukrsadvynprom, the parliament also agreed on changes, according to which, new producers of wine products will be considered the fourth group of taxpayers using the simplified taxation system.
As reported, the Cabinet of Ministers has increased government support for hop growing, laying of young gardens, vineyards and berries, from UAH 300 million in 2018 to UAH 400 million in 2019.
Enterprises and organizations in Ukraine in January-September 2018 raised profit from ordinary activities before taxation by 12.4%, to UAH 208.2 billion, while in January-September 2017 the figure was UAH 237.8 billion, according to the State Statistics Service of Ukraine. According to the service, in January-September 2018 profitable Ukrainian enterprises received UAH 378.218 billion of profit, which is 2.6% more than in the same period in 2017. At the same time, 29.2% of enterprises posted a negative financial result. Their losses in January-September of this year increased by 29.9% compared to January-September last year, to UAH 169.98 billion.
The volume of sales of services by service enterprises in Ukraine in Q3 2018 amounted to UAH 197.1 billion, which in comparable prices is higher than the level of Q3 2017 by 4.8%, according to the State Statistics Service of Ukraine. According to its data, the volume of services provided to the population amounted to 24% of the total volume of services sold.
As reported, the volume of sales of services by service enterprises in Ukraine increased by 5.8% in Q2 2018, 3% in Q1 2018, by 0.6% in Q4 2017, by 3.1% in Q3 2017, by 7.7% in Q2 2017, and by 14.8% in Q1 2017.
One troy ounce=31.10 grams
Ukraine and Moldova plan to bring mutual trade to $1 billion in 2018. This was discussed during a meeting of the heads of government of Ukraine and Moldova, Volodymyr Groysman and Pavel Filip, in Kyiv on Saturday, the press service of the Ukrainian government said.
“I’d like to note the positive trends in our mutual trade. According to the results of the first half of the year, we have increased our trade by 40% – up to about $500 million. We can reach $1 billion by the end of the year,” said Groysman.
The premiers also noted that the planned joint activities between Ukraine and Moldova are being carried out. So, joint control has been introduced at the international check point Kuchurgan – Pervomaisk, two more control points are being prepared for this procedure. The issue of drivers’ stay on the territory of Ukraine and Moldova has been settled.
We plan in the near future to start construction of a new bridge across the Dniester and further implementation of the project is to merge the power systems of the two countries with the European ENTSO-E system.
