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Finance Ministry proposes to increase excise tax on cigarettes by 20%

Finance Ministry proposes to increase excise duty on cigarettes annually at 20% 02.10.2014 11:12 08.10.2014 13:56:12 93 the Ministry of Finance of Ukraine within the framework of the implementation of the association agreement with the European Union, proposed reducing the period of increase the excise duty on cigarettes to the European level-90 euro per thousand pieces-from 13 to 10 years, writes "capital" in reference to the apostrophe. Thus, according to the Ministry's proposals in 2016-2024 BC. excise tax rate will increase annually by 20% and by the end of the period will be up to 90 euros per 1 000. cigarettes. As a result of excise taxes on cigarettes would amount to 1.8 euros. Accord... [Read more]

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