HomeEconomyThe Cabinet of Ministers...

The Cabinet of Ministers approved the increase in excise taxes on fuel

Photo: BEB

The government approved the gradual approach of excise tax rates to the minimum level established in the EU.

The Cabinet of Ministers proposed a gradual increase in the excise tax on fuel until 2028. Excise tax rates will be closer to the minimum level established in the European Union. This was reported by the press service of the Ministry of Finance on Friday, March 22.

“The revision of excise taxes is due to the need to bring the national legislation closer to the legislation of the European Union, which is important in connection with Ukraine obtaining the status of a candidate country for EU membership,” the statement said.

It was noted that the implementation of the provisions of the bill will ensure additional revenues to the state budget in the second half of 2024 of 1.6 billion hryvnias on average per month. Of these, 1.3 billion hryvnias are from excise tax and 292 million hryvnias from value added tax.

Schedule for increasing excise tax rates on fuel (euro per 1000 liters). Photo: Ministry of Finance

“It is important to support the security of the country, because all its own income goes to the security and defense sector,” said the Ministry of Finance.

It was earlier reported that the Cabinet of Ministers is proposing to increase excise tax rates on tobacco products from July 2024.

How Ukraine plans to close the budget hole
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Real name or stage name? BTS opens up about their preferences

In one of their interviews, the members of BTS revealed the way they prefer to be called by their fans. Find it out!In the artistic world, many celebrities end up deciding to adopt other names to be recognized in their careers, leaving the way they were...

Creative director who was with BTS’s V reveals what it was like working with Min Hee Jin

STUDIO MAS FRUTA co-founder, who worked with BTS's V, shared her opinion on ADOR CEO Min Hee Jin; look!Last Wednesday, the 22nd, the creative director of her latest solo album Vfrom BTS, and co-founder of STUDIO MAS FRUTA, shared through social media her opinion about working...

5 hilarious moments from k-pop idols

Remember some hilarious moments that have happened to different K-pop idolsIn our daily lives, it is extremely common that, unintentionally, things end up getting a little out of control, or that unexpected situations end up arising that create hilarious moments that are remembered by you and your...

The satellite took a photo of the sinking site of the Russian Cyclone

The Russian missile ship "Cyclone" was destroyed by the Ukrainian Defense Forces. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . Satellite images from the impact site appeared online. The photographs show the site of...

After winning “The Masked Singer”, Vanessa Hudgens makes reference to High School Musical

Vanessa Hudgens, actress who played the protagonist in High School Musical, made reference to the film after winning the show The Masked SingerVanessa Hudgensan actress who was the big winner of the show The Masked Singer in the United States, made a reference to High School Musical...

The man who shot Fico spoke about the motive and remembered Ukraine.

Juraj Cintula, who attacked the Prime Minister of Slovakia Robert Fico, had been preparing the assassination attempt for two days. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . The pensioner did not agree with the...

A printing house in Kharkov was hit – the fire was extinguished, but there were more casualties

A fire in a Kharkov printing house that was hit by two Russian missile attacks has been extinguished. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . The number of victims increased to 21 people. ...