| Yuschenko Approves Increase Of Cigarette Excise |
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13/04/2009 17:11 (302 Day 05:04 minutes ago) | ||||
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The FINANCIAL -- President Viktor Yuschenko has approved the increase of the excise fee for tobacco goods, the presidential press service said.
Yuschenko signed the relevant law endorsed by the Verkhovna Rada.
As Ukrainian News earlier reported, on March 31, the Verkhovna Rada has increased the ad valorem excise duty on cigarettes to 20% from 16% from May 1, 2009.
At the same time, the law envisages increase in the excise duty on non-filtered cigarettes from UAH 15.6 per 1,000 cigarettes to UAH 35 per 1,000 cigarettes and on filtered cigarettes from UAH 37.5 per 1,000 cigarettes to UAH 60 per 1,000 cigarettes.
The Verkhovna Rada has increased from February 1, 2009, the excise duty on filtered cigarettes by 25% or by UAH 7.5 to UAH 37.5 per 1,000 and the excise tax on non-filter cigarettes will grow by 24.8% or by UAH 3.1 to UAH 15.6 per 1,000.
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