News 2 - The Committee on Taxation and Customs Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to the Law "On the Rates of Excise Duty on Ethyl Alcohol and Alcoholic Beverages" (re Rates of Excuse Duty on Spirit Distillates and Alcoholic Beverages produced by means of Wine Distillation or Grapes Marc) - Verkhovna Rada of Ukraine

The Committee on Taxation and Customs Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to the Law "On the Rates of Excise Duty on Ethyl Alcohol and Alcoholic Beverages" (re Rates of Excuse Duty on Spirit Distillates and Alcoholic Beverages produced by means of Wine Distillation or Grapes Marc)

Published on 11 December 2009, at 16:05

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During the sitting of the Committee, S. Teriokhin declared that the Bill (Reg.No.3345) was elaborated in order to support the national cognac producers during the period of the financial crisis. In particular, the Bill suggest: prolonging of excise duty rate that comprises UAH 14 per 1 litter of 100% spirit till 31 December 2010; establishment of the excise duty rate that comprises UAH 20 per 1 litter of 100% spirit since 1 January 2011; establishment of the excise duty rate that comprises UAH 27 per 1 litter of 100% spirit since 1 January 2012.

Adoption of the Bill will maintain the budget revenue income at the adequate level.

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