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CIS & Baltic States > Ukraine
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Ukraine Looking for Funds

The government is raising excises.

The Verkhovna Rada passed Bill No 4576 “On the Prevention of a Financial Catastrophe and Creation of Conditions for Economic Growth in Ukraine” on 27 March. The bill was signed by Ukraine’s Acting President Oleksandr Turchynov. The document suggests that excise tax on all products will be raised by 25%. The rate of excise on filter cigarettes is set at 216.5 hryvnias per 1,000 pieces (previously 173.2 hryvnias per 1,000); non-filter cigarettes at...

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