Taxpayers of Ternopil region transferred 2 million 237 thousand UAH of the excise tax to the state budget in January 2020. Actual payment exceeded expected revenues twice. Herewith, 2 million 224.4 thousand UAH were transferred from alcohol production and 12.6 thousand UAH from beer production.
Local budgets received 9 million 872.6 thousand UAH of the excise tax on the retail sale of excisable goods in January 2020. In addition, the payment exceeded expected revenues by 8.4%, which means an additional 760.9 thousand UAH. In more details, the biggest payment was transferred from the sale of tobacco products - 4 million 555.1 thousand UAH. From the sale of alcohol and beer the local budgets received 3 million 850.4 thousand UAH and 1 million 417.4 thousand UAH, respectively.
It should be reminded that payers of the excise tax on the retail sale of alcohol and beer, tobacco and tobacco products, as well as fuel, pay this tax to the local budgets of the territorial communities where the points of excisable products sale are located.
Term for payment of this tax is 10 calendar days after the last day of the corresponding deadline for submission of the declaration.
The Tax code sets the rate of this tax at 5%. Reporting tax period for such payers is a calendar month.