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HomeWorldTaxes in Ukraine: The...
November 24, 2023

Taxes in Ukraine: The Cabinet of Ministers proposes to increase prices for alcohol; wine may rise in price the most

By David
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    In Ukraine they are proposing to increase prices for alcohol, especially wine.

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    .

    The Ministry of Economy proposes to increase the minimum retail prices for alcoholic beverages, in particular vodka and liqueurs by 5-13%, wine products (except for sparkling and carbonated wine drinks) – by 40-85%, and for sparkling wines and carbonated wine drinks – by 12%.

    The draft amendments to the government resolution were published on the Cabinet website. In the explanatory note, officials claim that this will increase the receipt of taxes and fees to the state and local budgets by 300 million hryvnia.

    According to the proposed prices, the minimum prices will increase:

    • for vodka – by 4.7% from 89.4 to 93.6 UAH per 0.5 liter bottle;

    • for cognac (brandy) three stars – by 6%, from 128.3 UAH to 136 UAH per 0.5 liter, four stars – by 6.6%, from 139.3 UAH to 148.6 UAH per 0.5 liter , five stars – by 6.4%, from 151.7 UAH to 161.4 UAH per 0.5 liter.

    • for natural grape wines in glass containers with a capacity of 0.7 liters – by 57% from 42 UAH to 66 UAH;

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

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