Business news from Ukraine

Verkhovna Rada supported in second reading bill on simplification of small producers of distillates

29 June , 2023  

The Verkhovna Rada supported in the second reading and as a whole the bill No. 5762 on simplification of conditions for the production of distillates by small business entities, the head of the parliamentary committee on finance, tax and customs policy Daniel Getmantsev said.
“The law should bring the current legislation in the sphere of production and circulation of alcoholic beverages and distillates in line with EU requirements, as well as relax the regulation in this sphere for small business entities,” he wrote in Telegram on Thursday.
In the law ¹ 5762 “On amendments to the TCU and some laws of Ukraine on the simplification of the conditions of production of distillates by small business entities” the definition of small producers of distillates and requirements for their material and technical base are presented.
Small manufacturers of distillates are allowed to report on the volume of products manufactured and sold quarterly (instead of monthly), as well as reduced fines for failure or incorrect submission of such reports from 17 500 to 1 020 UAH.
The document reduced the cost of licenses for wholesale of alcoholic beverages for small producers of distillates from 500 thousand UAH to 30 thousand UAH, it is also allowed to use all alcoholic distillates, derived from agricultural products for the production of alcoholic beverages.
The law cancels the mandatory certification of alcohol, distillates, bioethanol, alcoholic beverages, explained the head of the financial parliamentary committee.

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