The Verkhovna Rada of Ukraine adopted the Law "On Amendments to the Law of Ukraine "On the Rates of Excise Duty on Tobacco Goods" (re Extra State Budget Revenue)

31 March 2009, 11:55

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The Law imposes increased rates of excise duty on tobacco goods to be calculated in fixed amounts per one unit of a sold commodity (production).

 

Pursuant to the Law, "specific rates of excise duty and minimal tax commission concerning payment of excise duty on tobacco goods are liable to annual adjustment for consumer price index for the past 12 calendar months (for the period from June of the year of adjustment to June of the next year)".

 

The Law comes into force on 1 May 2009.

 

A relevant Bill was registered under Reg. No.4202.