Business news from Ukraine

Ukraine received UAH 10.1 bln in excise taxes from alcoholic beverages

In 2023, excise tax revenues from alcoholic beverages produced in Ukraine and imported into the country’s customs territory amounted to UAH 10.1 billion, which is 20.7% higher than in 2022 and almost 2 times higher than the revenue figure of UAH 5.2 billion planned by the Ministry of Finance.

According to Danylo Hetmantsev, Chairman of the Parliamentary Committee on Finance, Taxation and Customs Policy, in a Telegram message on Monday, the Ministry of Finance’s revenue targets were met in all months from January to December 2023 without exception.

Hetmantsev noted that excise tax revenues from alcoholic beverages in 2023 were almost 12% (UAH 1 billion) higher than in pre-war 2021, when they amounted to UAH 9.0 billion. At the same time, the excise tax rate increased by only 5% – from UAH 126.96 to UAH 133.31 per 1 liter of 100% alcohol from March 1, 2022.

According to him, sales volumes of vodka and alcoholic beverages in the domestic market, according to 2-RS reports, amounted to 20.6 million dal in January-November 2023, which is 26% or 4.3 million dal more than in the corresponding period of 2022.

At the same time, revenue from the sale of alcoholic beverages through cash registers almost doubled by the end of 2023 – UAH 13.9 billion in December against UAH 7.5 billion in January.

As reported, last week, the head of the Verkhovna Rada’s Financial Committee said that the Ukrainian authorities failed to solve the problem of the illegal tobacco market, despite exceeding the plan for state budget revenues in 2023 by UAH 9.7 billion. He initiated open committee hearings on the illegal tobacco market, to which he invited business, the public and government agencies. The date of the hearings has not yet been determined.

,

Moldova in January-March increased export of alcoholic beverages to Ukraine more than 6 times

Moldova in January-March 2023 increased 6.5 times the export of alcoholic beverages to Ukraine – up to $ 9.40 million compared to the same period last year ($ 1.44 million), the National Bank of Moldova (NBM) said.
“With a share of 17.6% of the total export volume, Ukraine has become the main market for Moldovan alcohol, pushing Belarus and Romania to second and third place with shares of 17.1% and 14.5%, respectively,” – as quoted from NBM information, Moldovan edition mold-street.com
At the same time, Ukraine was on the first place among the importers of alcohol to Moldova, Russia – on the eighth.
In the first quarter of this year, Moldova increased the export of alcohol and ethyl alcohol by 26.8%, which in monetary terms amounted to $ 53.47 million.
The Kiev analytical Club of Experts, in order to promote Ukrainian wine, began a series of seminars and tastings. You can learn more about it by following the link

, , ,