Rada has made changes to the Tax code – the penultimate act of the budget package-2018

The Verkhovna Rada adopted changes to the Tax code to ensure a balanced budget revenue in 2018, including an increase in excise taxes on tobacco products 29.7%, environmental tax rates for 11.2% of rent (except mining) is 16.8%.

As the correspondent of Agency “Interfax-Ukraine”, for the corresponding bill No. 6776-d on Thursday evening voted 252 deputies in the required minimum of 226 votes.

According to the explanatory note to the document, indexation in line with the forecast growth in the consumer price index and producer price index of industrial products.

The bill provides for a gradual – 2025 – increasing the specific excise tax rates on tobacco products and the minimum excise tax liability with respect to excise tax on tobacco products, and in 2018 – by 29.7%, and in subsequent years, – 20% to a level equivalent to EUR90 euros for 1 thousand pieces .

It is noted that now the minimum tax liability for cigarettes in Ukraine is price eur20 (596,05 UAH) per 1 thousand pieces.

The document States that these changes will allow to increase receipts in the budget of Ukraine by 12.46 billion, of which at the expense of excises on tobacco – 11,74 billion.

In addition, in the course of finalizing the bill a second reading it was made more 244 proposals of which, according to the head of the relevant Committee Nina southerner, considered 178.

In particular, the Verkhovna Rada, on a five-year term allowed the importation without payment of value added tax (VAT) and excise duties the import of electric cars and decreased to 6% and 12% of the rent for gas from new wells (respectively the depth of over 5 km and 5 km) and completed 24-months. deferment for payment of VAT when importing equipment.

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