“On December 9, the law passed was sent to the President of Ukraine.”, – WRITE: www.unian.ua
On December 9, the law passed was sent to the President of Ukraine.
Photo ReutersThe President’s website registered a petition with a call to sign Law No. 4115-IX on reviewing the excise tax rates on tobacco products.
According to the author of the petition Yuri Gaidai, the signing of the law on raising excise duties will not only protect the health of citizens, but also bring billions of hryvnias to the budget, which is critical of the full -scale war with the aggressor.
On December 4, 2024, the Verkhovna Rada of Ukraine adopted Law No. 4115-IX “On Amendments to the Tax Code of Ukraine on reviewing excise tax rates on tobacco products” (Law No. 11090). On December 9, the law passed was sent to the President of Ukraine.
The law, which was to enter into force on January 1, 2025, provides for a gradual increase in excise duty rates on tobacco products before reaching the minimum rate of the 2011/64/EU eurovin.
“In the face of a full -scale existential war of our country with the Russian Federation, tax revenues to the budget, which are directed to the provision of defense forces, are also critical.
According to him, every day from January 1, 2025 the budget does not receive more than UAH 25 million from excise duties on tobacco products, which corresponds to losses of up to UAH 800 million on a month.
Also, the implementation of the law will bring excise taxation of tobacco products to the rules of the legislation of the European Union, which is a necessary European integration condition.
Pursuant to Article 94 of the Constitution of Ukraine, the President of Ukraine is obliged to sign it, to enforce it, and to officially publish or return the law to the Verkhovna Rada of Ukraine with reasoned and formulated proposals for re -consideration within fifteen days after receiving the law.
According to preliminary estimates of the Ministry of Finance, described in the project of the budgetary declaration, the entry into force of this Law will increase the receipt of the state budget by 2028 by UAH 29 billion. At the same time, all the state budget revenues are currently aimed at funding for the defense forces, repeatedly emphasized in the Ministry of Finance.
The bill on raising excise duties on tobacco products in Ukraine was supported by leading business associations, the European Commission and the IMF, whose mission to revise the extended financing program for Ukraine will start this week.
In particular, the IMF report stated that the Ukrainian budget revenues provide both a package of tax measures and the legislation on gradual bringing tobacco excise duties in accordance with EU directives. The main priority is to ensure that both laws are fully put into operation by the beginning of 2025.