Rada approved the increase in excise duty on cigarettes

Рада утвердила повышение акциза на сигареты

The Parliament approved in the first reading the document envisages increase of 9% rate akcionog tax on tobacco products, and changes to taxation of goods imported into the country from abroad.

This is reported by the media.

This, in particular, it is envisaged in the draft law “On amendments to the Tax code of Ukraine and some other legislative acts of Ukraine to improve the administration and revision of the rates of certain taxes and fees”. “To increase from 1 July 2019 excise tax rates on tobacco products by 9 percent,” the document says.

Also, the draft law stipulates that the import into the customs territory of Ukraine of goods, total invoice value of which exceeds the equivalent of EUR 100 (one recipient — individuals in the same shipment from the same sender or in one cargo Express carrier from one sender in international Express shipments) will be subject to value added tax at the rate established by the Tax code of Ukraine.

“To apply the above provision is proposed to establish a transition period from 1 January 2019 to 30 June 2019, during which, in the first half of 2019 with a value added tax will be taxable goods, total invoice value will exceed the equivalent of 150 euros,” — stated in the explanatory note to the draft law.

We will remind, people’s deputies of Ukraine voted for the overall bill that reduces the excise tax on customs clearance. The draft law No. 8487 was supported by 250 deputies.

Act No. 8487 amends the Tax code regarding excise taxation of passenger cars.

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