The bill (Reg. No. 3757) stipulates:
increase excise tax rate on beer by 35%, on cider and perry (without adding alcohol) by 50%, on alcohol and other alcoholic drinks by 14%, as well as on tobacco products, tobacco and industrial tobacco substitutes;
postpone lowering of VAT (to 17%), stipulated by a current norm of the Tax Code of Ukraine, to the year 2015;
gradual lowering of VAT rate of enterprises from 19% to 16% (in 2014 in amount of 18%, in 2015 – 17%, in 2016 – 16%) over 3 years;
introduce exemption from imposition of VAT on operations with waste paper, etc.
It was mentioned at the Committee meeting that in case of introducing the bill’s norms, additional budgetary revenues in the sum of UAH 35 bln are expected.
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