Ukrainian Politics, Economics

 Rada raises excise duty on spirits by 50%, beer - 100%, alcoholic beverages – 300% and cigarettes - 40%

The Verkhovna Rada deputies have supported increase of the excise tax on spirits by 50 percent, beer – by 100 percent, alcoholic beverages - by 300 percent and tobacco products - by 40 percent.

251 lawmakers at the minimum of 226 required have voted for the adoption of the bill No. 3688 as a basis and as a whole, Censor.NET reports citing Ukrainski Novyny.

In particular, the excise tax on alcohol, alcoholic distillates and alcoholic beverages will be increased by 50 percent, beer - by 100 percent, wines other than natural grape wines - by 100 percent in 2016.

The rate of excise duty on alcoholic beverages increased by 300 percent, i. e. set at 211.59 hryvnia (about $8) per one liter of pure alcohol in a drink.

This rate is applied to alcoholic beverages produced on the basis of water-alcohol mixture using intermediates and preservatives containing from 0.5 % to 8.5 % of ethyl alcohol and not more than 14 grams of extractives per 100 cubic centimeters.

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The rate of excise tax on tobacco products, tobacco and manufactured tobacco substitutes has been increased by 40 percent while the ad valorem rate remained unchanged.

At the same time, the law envisages that the Cabinet of Ministers sets the minimum wholesale selling and retail prices for tobacco products, tobacco and manufactured tobacco substitutes.

Источник: https://censor.net.ua/en/n366636