The Verkhovna Rada of Ukraine adopted the Law “On amendments to the Tax Code of Ukraine re rates of some taxes and tax benefits”

Information Department of the Verkhovna Rada of Ukraine Secretariat
19 December 2013, 17:06

 The Law 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.   

The respective bill was registered under No. 3757.