The government has proposed to increase excise duty on alcohol from 1 January 2019

Правительство предложило повысить акциз на алкоголь с 1 января 2019 года

The Verkhovna Rada registered draft amendments to the Tax code of Ukraine regarding rates of some taxes.

Bill No. 9085 submitted to the Parliament by the Cabinet of Ministers.

The draft law proposed to increase by 9% the excise tax rates for beer, fortified wine, ethyl alcohol and products that contain alcohol.

As noted in the explanatory Memorandum to the bill, the purpose of the document is to ensure the formation of the revenue part of the state budget of Ukraine to 2019 and to reduce the sizes of tax rates into line with inflationary processes in the economy.

Recall that in the draft budget 2019, which the government has submitted to Parliament envisages a real GDP growth of 3%, the increase in nominal GDP to 3946,9 billion, the consumer price index (December to December of the previous year) at the rate of 107.4%, the producer price index (December to December of the previous year) – of 110.1%.

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