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.

Tags:

Source:

Share the news:

Коментарі:

To add comment you should be authorized or sign_in
Read more:

01 April 2020

The land market. 2178-10

The land market. 2178-10

On March, 31, 2020 the Verkhovna Rada of Ukraine approved in the second reading Law of Ukraine № 2178-10 On Amending...

31 March 2020

The anti–crisis package. Want has the Verkhovna Rada supported?

The anti–crisis package. Want has the Verkhovna...

The limiting quarantine measures, introduced in Ukraine on March, 11, aimed at saving human lives and health,...

31 March 2020

Two hromadas in the Donetsk region have received mobile ASCs from the EU and UNO

Two hromadas in the Donetsk region have...

On March, 30 the Ocheretynska village council and the town of Toretsk in the Donetsk region received two modern...

30 March 2020

How capable hromadas are counteracting coronavirus

How capable hromadas are counteracting coronavirus

The heads of capable hromadas of Ukraine share their keys to success in counteracting the coronavirus spread. The...

30 March 2020

Job opportunities! The DECIDE project is looking for experts of education development in AHs

Job opportunities! The DECIDE project is...

Due to the start of the Swiss-Ukrainian Project “Decentralisation for the Democratic Education Development» (DECIDE),...