The Resolution Determining a New Mechanism for Paying a Portion of Excise Tax to Local Budgets Became Effective

13.44 % of the excise tax on produced and imported fuel will be paid to local budgets.

The resolution of the Cabinet of Ministers of Ukraine "Some Matters Pertaining to the Payment of a Portion of Excise Tax on Fuel Produced in Ukraine and Imported into the Customs Territory of Ukraine to Local Budgets" (Resolution No. 96, dated 8 February 2017). The document is published on the Government Portal.

The Resolution provides that 13.44 % of the excise tax imposed on the produced and imported fuel will be paid to local budgets. In addition, the document determines that the allocation of a portion of the excise tax on fuel among local budgets in accordance with the percentages intended to be paid to local budgets will be carried out on a daily basis.

Such mechanism of distribution of the said excise tax, as it was clarified by the Ministry of Finance, will encourage reporting real salaries and improve the efficiency of paying the excise tax, as well as ensure steady revenues for local budgets.

Earlier, Prime Minister of Ukraine Volodymyr Groysman said, that the Government would make efforts so that the amount of excise taxes to be channelled to local budgets after the change of the system of payment thereof was higher than in 2016.

Source:

Share the news:

Read more:
C2085541580617471bb04fab2df53dc7

17 January 2018

Burynska AH introduced financial assistance to...

A newly established Burynska urban amalgamated hromada in the Sumy Oblast began its work with social initiatives. The...

50214399de1bb9272e9130a66797c555

17 January 2018

Reform of system of vocational training for...

The National Agency of Ukraine on Civil Service (NACS), with the support of the Council of Europe, started...

34acc17d8ae3decd30acf07e831c12fc

17 January 2018

Representatives of amalgamated hromadas from...

On 26-28 January, the first session of the “Local Democracy School” project will take place in Ternopil. In general,...