Business news from Ukraine

Business news from Ukraine

Rada returned excises on fuel, which may increase prices at gas stations

The Verkhovna Rada of Ukraine at its plenary session on Wednesday adopted by 255 votes bill No. 7668-d on the return of excise taxes on motor fuel.
According to the head of the Verkhovna Rada of Ukraine Committee on Finance, Tax and Customs Policy Daniil Getmantsev, the excise rate for gasoline and diesel is EUR100 (hereinafter per 1000 liters), for liquefied gas, butane and isobutane – EUR52, for alternative motor fuel and biodiesel – EUR100.
At the same time, a zero excise rate for fuel has been set for the Ministry of Defense. “This benefit will be valid exclusively for the Ministry of Defense during the period of martial law and the state of emergency,” said Yaroslav Zheleznyak, People’s Deputy (Voice faction), on the Telegram channel.
According to him, the law comes into force one day after its publication, so the return of excises should be expected at the end of September.
VAT for all types of fuel remains at 7%.
As reported, in March 2022, the Rada canceled excise taxes on motor fuel.

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