The primary purpose of the Law is to support development and maintenance of motor roads in general use and roads in municipal ownership.
To stabilize the prices for oil products, the Cabinet of Ministers suggests temporarily lowering the rates of excise duty on the motor petrol for three months by EUR 50 for 1000 kg and for diesel fuel by EUR 30 for 1000 kg, as stated in the governmental bill on amendments to sub-item 215.3.4 of item 215.3 of clause 215 of the Tax Code of Ukraine (Reg. No.8355). This will decrease the revenue of the special fund of the state budget generated by the excise duty on the domestically produced excisable goods (produce) by UAH 658 million, and by the excise duty on the imported excisable goods (produce) by UAH 391,1 million.
To compensate for the loss in the revenue from the taxes that fill the road fund, the bill increases the revenue to the general fund of the state budget generated by the VAT on the domestically produced goods (works, services) by UAH 1049,1 million.
The draft is registered under Reg. No.8354.