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Publication date: 24.05.2024
The Cabinet of Ministers registered in the Council a project on approximation of the legislation of Ukraine to the legislation of the EU in the area of excise tax
1. Introduction
Ukraine is again taking steps to bring its legislation closer to European Union standards. In particular, on May 13, the Cabinet of Ministers presented to the Verkhovna Rada the draft Law No. 11256 "On Amendments to the Tax Code of Ukraine on approximation of the legislation of Ukraine to the legislation of the European Union in the area of excise tax."
2. Purpose and Content of the Draft Law
The purpose of this draft law is to bring the excise tax in accordance with the requirements of the Association Agreement between Ukraine and the European Union. The changes include not only an increase in the excise tax rate on intermediate products, but also the establishment of new fuel rates in accordance with the minimum level stipulated by the EU.
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3. Approximation to European Standards
A separate part of the changes is the establishment of new rates of excise tax on fuel, which take into account the minimum level stipulated by the European Union. It is noted that these changes will enter into force from 2028. Such a decision is aimed at convergence of approaches to taxation of energy products with European standards.
4. Changes in Excise Tax Rates
It is proposed to define the term "intermediate products" in accordance with the EU Directive and to increase the excise duty rate on these products to bring them closer to the level of excise duty on wines and other alcoholic beverages, which is one of the requirements of the Association Agreement.
5.Clarification of the Concept "Weighted Average Retail Price of Cigarettes"
The new requirements also provide for clarification of the concept of "weighted average retail price of cigarettes". This is done in order to standardize and more precisely define this term, which will contribute to more effective control and taxation of cigarettes in accordance with European standards. You may be interested in the following articles: lawyer's consultation, lawyer's consultation, document analysis, legal analysis of the situation, written consultation, verification of documents by a lawyer , lawyers documents, lawyer's help online, lawyer online, legal opinion, lawyer's legal opinion, lawyer online.
6. Conclusion
Draft Law No. 11256 reflects Ukraine's strategic course to approach the standards of the European Union. These changes in the tax legislation will not only help the country fulfill its obligations under the Association Agreement, but will also stimulate the development of the internal market, promoting competitiveness and improving the quality of products.
Moreover, these changes are also designed to ensure a more efficient taxation system, reduce the shadow economy and promote greater transparency in the sphere of goods circulation. Establishing European standards in domestic legislation will also create more favorable conditions for investment and business development in Ukraine.
Therefore, the adoption of the draft law on changes to the excise tax is an important step for the further integration of Ukraine into the world economy and the strengthening of partnership relations with the European Union. Such a course will contribute to the development of the country and increase the standard of living of citizens.
