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Posted On

04
May
2022

State Tax Service to monthly calculate parts for sending retail tobacco excise tax to local budgets

KYIV. May 4 (Interfax-Ukraine) – The State Tax Service will monthly calculate the parts for sending the excise tax on the retail sale of tobacco products to local budgets, the scheme was approved by the government at a meeting on May 3.

As indicated on the website of the Ministry of Finance, the Cabinet of Ministers adopted the resolution to execute the law dated November 30, 2021, which transfers the obligation to pay 5% excise tax on retail sales to manufacturers and importers of tobacco products.

As the Ministry of Finance said, the tax authorities will calculate the part of this tax to be sent to local budgets based on the data from payment transactions recorders (PTR).