In order to increase the revenues of the state budget of Ukraine in 2024, the government plans to introduce monthly advance payments of income tax by enterprises engaged in fuel retailing. This was reported by the Ministry of Finance of Ukraine in response to the request of the Interfax-Ukraine agency.
In addition, the Ministry of Finance still plans to increase excise taxes on fuel. “The proposals also provide for bringing the excise tax on fuel in line with EU minimum standards, introducing an excise tax on water, including mineral and carbonated water, with the addition of sugar or other sweeteners or aromatic substances, and expanding the list of excisable goods due to excise tax on plants hemp,” the message states.
The minimum excise duty rates according to the European Commission directive 2003/96/EC are: for gasoline – €359 per 1 thousand liters, for diesel fuel – €330 for 1 thousand liters, for liquefied gas – €125 for 1 thousand liters.
It is expected that the Verkhovna Rada will consider the relevant draft laws by the end of the first quarter of 2024, the ministry said.
We will remind, at the end of January, NaftoRynok reported that the Ministry of Finance has been working on a draft law on increasing excise duty rates on all types of motor fuel to €359/1000 l since 2022, with a transition period until the end of 2027.
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