3.7 billion UAH of excise tax on the retail sale of excisable products was paid to local budgets Chapter: News

Total of 3.7 billion UAH of excise tax on the retail sale of excisable products was paid to local budgets of territorial communities during January – June 2021.  This is 11.7% or 389.7 million UAH more than during the same period last year.

This indicator is provided by payment of excise tax on the sale of alcoholic beverages and tobacco products, which is paid to the budget of territorial community.

Excise tax on the retail sale has a significant impact on the local budgets’ revenues growth.

Amount of excise tax is reflected in a fiscal check. When the sale of excisable products is carried out without provision of a fiscal check (excise tax is not paid), respectively, the budget of territorial community in which such sale is carried out, does not receive appropriate funds.

Given that excise tax on the retail sale of excisable products is included in the price of purchased alcoholic beverages and tobacco products, buyers of such goods can control payment of excise tax by business entities, requiring a payment document from the seller. This, in turn, will ensure receipt of excise tax to the budget of the respective territorial community.

 

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