Newsletter № 3/2025 considers innovations provided for by the Law of Ukraine № 4014-IХ as of 09.10.2024 "On amendments to the Tax Code of Ukraine and other Laws of Ukraine regarding peculiarities of the excise taxation of ethyl alcohol and bioethanol".
The Law entered into force on 01.01.2025 and was put into effect on 1 April 2025.
For producers of ethyl alcohol and bioethanol, obligation to determine the excise tax liabilities is introduced, taking into account the guaranteed tax liability.
Guaranteed tax liability is amount of the excise tax liability, calculated based on:
- maximum productivity of equipment for the ethyl alcohol and bioethanol production;
- number of days of the reporting period during which equipment was operating;
- remaining ethyl alcohol and bioethanol at the beginning and end of the reporting period;
- sales volumes of ethyl alcohol and bioethanol during the reporting period, including those that were not subject to the excise tax.
Read the Newsletter here.
