The Ukrainian government has asked parliament to partially restore excise tax on petrol and diesel fuel to boost the state budget, depleted by months of war with Russia, Infrastructure Minister Oleksandr Kubrakov said on Monday.
He said the resumption of excise tax at 100 euros ($101.96) per 1,000 litres could provide the state budget with about 2-3 billion hryvnias ($135.54 million) each month amid a monthly deficit of about $5 billion.
Source: Zawya
Latest Posts in "Ukraine"
- New VAT Innovations from October 1: Cash Method Extension and New Tax Exemption Introduced
- How to Fill VAT Registration Form No. 1-PDV for New Businesses in Current Year
- Procedure for Filling Table 1 of Appendix 2 (D2) to VAT Tax Declaration
- New VAT Amendments Effective October 1: Cash Method Extended, New Tax Exemption Introduced
- Taxable Transactions for VAT Registration: Goods/Services Supply Operations in Ukraine’s Tax Code