Producers of ethyl alcohol and bioethanol will determine excise tax, taking into account the guaranteed tax liability from April 1, 2025.
The first tax (reporting) period for which the guaranteed excise tax liability is calculated is May 2025, the excise tax declaration for which will be submitted by June 20, 2025 inclusively.
This indicator is calculated from the:
- maximum productivity of equipment for production of ethyl alcohol and bioethanol;
- number of days of the reporting period during which equipment was operating;
- ethyl alcohol and bioethanol residues 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.
For reference: maximum productivity of ethyl alcohol and bioethanol production equipment means the maximum volume of ethyl alcohol and bioethanol in liters of 100 percent ethyl alcohol that can be produced per day on equipment that provides full technological cycle of ethyl alcohol and bioethanol production.
Requirements for determining the guaranteed excise tax liability for the tax (reporting) period do not apply to business entities that exclusively produce bioethanol and have an appropriate license.
Reference.
Law of Ukraine № 4014-IX as of 09.10.2024 “On amendments to the Tax Code of Ukraine and other Laws of Ukraine regarding the excise taxation peculiarities of ethyl alcohol and bioethanol” made changes the Tax Code of Ukraine and the Law of Ukraine № 3817-IX as of 18.06.2024 “On the state regulation of production and circulation of ethyl alcohol, alcohol distillates, bioethanol, alcoholic beverages, tobacco products, tobacco raw materials, liquids used in electronic cigarettes and fuel”, in terms of establishing certain peculiarities of calculating the excise tax by producers of ethyl alcohol and bioethanol.