Excise duties on beer are intended to be tied to its strength

News

Excise duties on beer are intended to be tied to its strength

04.06.2021 News

Approaches to determining the unit of excise tax rate on beer may change in Ukraine. This is stated in the bill of the Cabinet of Ministers №5600, which was registered in the Verkhovna Rada the day before.

It is noted that Ukraine is obliged to bring its own legislation in line with the European directive of October 19, 1992 on the harmonization of structures of excise duties on alcohol and alcoholic beverages.

“Article 3 of this directive stipulates that the excise tax levied on beer is set depending on the actual strength of the finished product. In Ukraine, the rate of excise duty on beer is set per 1 liter of finished product,” the government explained.

The bill proposes to replace the current rate of excise duty for 1 liter of beer with a rate for 1 liter of 100 percent alcohol, based on the weighted average strength of beer for 2019-2020 in 4.88% by volume and the consumer price index in 2020 at 5%.

In particular, the document proposes to impose an excise tax on alcohol contained in malt beer at the rate of UAH 59.82 per 1 liter of 100% alcohol, for a beverage containing 4% alcohol the tax will be UAH 2.39 / l, and 8% alcohol – 4.79 UAH / l.

Now beer is subject to excise tax of UAH 2.78 per 1 liter of beverage of any strength.

Other articles

Read also

Excise duties on beer are intended to be tied to its strength
News

Airbus will lay off 15,000 employees due to the quarantine

European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]

Next
Excise duties on beer are intended to be tied to its strength
News

China breaks path into the coal business in Australia

China in addition to the purchase of the coal business in Australia, aims to get the appropriate transport infrastructure for the supply of its raw material in many corners of the world, reports Bloomberg. Acquisition of Australian Yancoal Australia Ltd. (which is a part of Chinese coal-mining giant Yanzhou Coal Mining Company), a controlling stake […]

Next
Excise duties on beer are intended to be tied to its strength
News

Bitcoin exchange rate exceeded $ 47 thousand for the first time

According to CoinDesk, the price of the most popular cryptocurrency – bitcoin – has updated the historical maximum three times in a few hours, exceeding 47 thousand dollars. Thus, the value of one coin reached its peak on the night from Monday to Tuesday, February 9, and amounted to 47,143 dollars. In general, over the […]

Next
Excise duties on beer are intended to be tied to its strength
News

The robotization of Amazon’s warehouses led to the increasing of the injuries among the employees

Introduced five years ago in Amazon’s warehouses the robots did not make the life easier for the employees – on the contrary, people are now forced to work four times faster. In addition, the robotics has brought Amazon warehouses to the record 14,000 serious injuries by the end of 2019. The current figures are to […]

Next
Excise duties on beer are intended to be tied to its strength
News

ConocoPhillips is in talks to acquire rival Concho Resources

American oil and gas giant ConocoPhillips is in talks to acquire rival company Concho Resources, Bloomberg agency reported, citing to the sources that familiar with the matter. “Companies may announce the operation in the next few weeks,” – say the interlocutors of the agency. However, there is no final decision yet, and negotiations may fail. […]

Next
Excise duties on beer are intended to be tied to its strength
News

How much and where? – Ukrainians bought up energetically foreign real estate in 2016

Past 2016 marked by an active acquisition by Ukrainians a foreign real estate. Indicators rose threefold. This information is provided by investment portal In Venture. Despite the fact that Ukrainians were buying up actively real estate abroad in the past year, the newly acquired values can not be compared with the ratios of other countries. […]

Next
Excise duties on beer are intended to be tied to its strength
Analytics News

Top 5 of the best business schools

A Business, as well as any other sphere of professional activity, demands from the person a certain complex of knowledge, abilities and tendencies. In any case, if you actually plan to achieve stable success as the entrepreneur, the corresponding education will become some kind of catalyst in the course of achievement of this purpose. The  […]

Next
Excise duties on beer are intended to be tied to its strength
News

French media group Publicis will invest in 90 StartUps, including from Ukraine

Media Group will provide from 10 000 euros to 500 000 euros, depending on the stage of development of the project.  One of the world’s largest media group Publicis decided originally to commemorate the 90th anniversary: ​​ to finance 90 StartUps from around the world, including Ukraine, – writes AIN. As the newspaper writes, the […]

Next
Excise duties on beer are intended to be tied to its strength
News

The court arrested the shares and assets of the Odessa oil refinery

The Primorsky District Court of Odessa arrested the property and the shares of the Odessa oil refinery of the prosecutor’s office suit and the application of the state enterprise Ukrtransnefteprodukt, which was all movable property of the refinery previously transferred to. This is stated in the judgments  from 19 January. The arrest imposed on the […]

Next
Excise duties on beer are intended to be tied to its strength
News

The NBU did not allow Tigipko to buy Prominvestbank

Ukrainian businessman Serhiy Tigipko was denied the purchase of more than 99% of Prominvestbank (PIB) shares through Luregio Limited. National Bank made the relevant decision due to problematic issues of the Bank’s activity. “The Committee on Supervision and Regulation of Banking, Oversight (Oversight) of Payment Systems adopted this decision on February 5, 2021. The decision […]

Next
Excise duties on beer are intended to be tied to its strength
News

Amazon has banned the import of seeds into the United States

Amazon has banned the import of seeds to the United States because the Americans received thousands of parcels from unknown shippers from China. In this regard, Amazon informed foreign partners of its decision and obliged sellers to remove publications with appropriate proposals. Now sell the seeds only can those who is in the United States, […]

Next
Excise duties on beer are intended to be tied to its strength
News

The NBU adopted the concept of merging banks

The National Bank of Ukraine (NBU) has adopted the concept of a simplified merger of banks. This was announced by the Head of Department of registration and licensing issues of the NBU,  Alexander Bevz,  writes the FinClub. At the same time,  before that the regulator has tightened the requirements for small banks. Those who will […]

Next
Excise duties on beer are intended to be tied to its strength
News

Oracle is negotiating about buying TikTok

Newspaper Financial Times found that IT-Oracle Corporation wants to buy Chinese video service TikTok. About this edition with reference to sources wrote on August 18. Official information about negotiations in ByteDance (it owns TikTok), nor Oracle did not comment. According to sources of FT, the company also is negotiating with investors who own shares in […]

Next
Excise duties on beer are intended to be tied to its strength
News

The Cabinet of Ministers denied the statement about toll roads

Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]

Next
Excise duties on beer are intended to be tied to its strength
News

Laying PP-2 pipes allowed continuing in Germany

The German Federal Office of Shipping and Hydrography has allowed the laying of the Nord Stream-2 gas pipeline on a 2-kilometer stretch in the German exclusive economic zone. This is stated in a statement by the regulator on Monday, May 17. The decision concerns works with the help of vessels with an anchor positioning system. […]

Next
Excise duties on beer are intended to be tied to its strength
Analytics

EXPERT OPINIONS

What are the prospects for the development of foreign and domestic business in Ukraine in the next three years? Petro Rondiak, the Chairman of the Board of Winner Group Ukraine At Winner, we have always been optimistic about the prospects of Ukraine. Our investments reflect the long-term intentions for staying in the country. In the […]

Next