VR increased excise tax on tobacco
Excises to be...
The Verkhovna Rada of Ukraine adopted the entire Law of Ukraine “On Introducing amendments into Law of Ukraine “On Excise Tax Rates for Tobacco Goods” .
According to an UNIAN correspondent, 241 out of 446 lawmakers registered in the session hall voted for this law.
Excises to be charged as a share of the maximum retail price rather than that of product turnover. The minimal price of the most popular tobacco products - filtered cigarettes - will increase up to UAH 100 from UAH 47 per 1,000 cigarette sticks, or by UAH 1.06 per a 20-cigarrte pack. Excises for other types of tobacco products will increases at about the same rate, to prevent customers from switching to other relatively cheaper products.