On February, 15, 2022, the Verkhovna Rada of Ukraine passed in its second reading and as a whole bill №5719 On Amending the Budget Code of Ukraine on Setting off Excise Duty Levied on Retail Trading Tobacco.

The bill envisages the change of mechanism of setting off tobacco excise duty, the treasury responsibility as a tobacco excise duty delay penalty, an increase in the volume of the State Fund of Regional Development up to 1,5%, local budgets’ income sources expending, etc.

Ihor Onyshchuk, a financial expert of the Decentralisation Support Office at the MinRegion, has covered the essential amendments, related to the budget process and local budgets in the material.