Parliament adopted the alignment of excise tax rates to the EU minimum level in 2028
-
About Ministry
- Recruitment
-
Accountable agencies
- State Enterprises and Institutions Belonging to the Sphere of Management of the Ministry
- State Service for Financial Monitoring
- State Treasury
- The State Audit Service of Ukraine
- State Tax Service of Ukraine
- State Customs Service of Ukraine
- Personnel Audit Procedures of State Customs Service
- State Tax University
- Minfin Panel
-
Policy Issues
- Budget policy
- Tax Policy
-
Customs Policy
-
Customs Reform
- Common transit mode
- System of simplifications
- General declaration of arrival
- Authorized economic operators
- The only window for international trade
- Promoting the protection of intellectual property rights
- Qualification and reliability testing
- Functioning of the State Customs Service in the format of a single legal entity
-
Customs Reform
-
Accounting and Auditing
-
Accounting
-
Introduction of International Financial Reporting Standards
- Translation of international financial reporting standards of 2024
- Translation of international financial reporting standards of 2023
- Translation of the 2022 International Financial Reporting Standards and the Conceptual Framework for Financial Reporting
- Archive of translations
- Taxonomy
- Translation of technical publications
- General Clarifications (filled in after the preparation of the relevant letters of explanation)
- Accounting in Private Sector
- Accounting in the Public Sector
- Methodological Accounting Council under the Ministry of Finance of Ukraine (download a short description)
- IFRS Council under the Ministry of Finance of Ukraine (download a short description)
-
Introduction of International Financial Reporting Standards
- Auditing
-
Accounting
- Debt policy
- Financial Policy
- National income strategy
-
Financial Monitoring
- Statements and reports of international organizations
- Legislation
- International standards
- Methodological assistance (recommendations and explanations)
- Education, trainings and seminars
- Samples of drawing up a schematic representation of the ownership structure
- List of states (jurisdictions) that do not comply or improperly implement the recommendations of international and intergovernmental organizations involved in the field prevention and counteraction
- List of persons to whom sanctions have been applied
- List of terrorists
- Send a report on violation of the legislation in the field of prevention and counteraction to legalization (laundering) of proceeds from crime, terrorist financing and financing of proliferation of weapons of mass destruction
- Methodology for determining the ultimate beneficial owner by a legal entity
-
International Cooperation
- Partners
-
Cooperation in Attracting Financing from the International Financial Institutions
- Procedure for attracting funds of International Financial Institutions
- World Bank
- EBRD
- EIB
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
- KFW
- Register of Joint IFIs Projects at the Stage of Preparation and Implementation (information)
- International Technical Assistance (within the competence of the Ministry of Finance)
- Monitoring of international technical assistance projects
- Cooperation with the Development Partners
- International Tax Relations
- Development of Public Internal Financial Control (PIFC)
-
Public investment management
- Regulatory documents
- Implementation of the roadmap for reforming the management of public investments
- Unified portfolio of public investment projects (list of priority public investment projects)
- Interdepartmental working group on reforming the public investment management system
- Reference information
- Other Areas of Public Policy
- Public Finance Management Strategy (PFMS)
- Strategic Plan
-
Legislation
-
Regulatory Activity
- reports_on_the_effectiveness_of_regulatory_acts_2024
- The activity plan for the preparation of the regulatory acts draft 2024
- Schedule of measures to monitor the effectiveness of regulatory acts 2024
- reports_on_the_effectiveness_of_regulatory_acts_2023
- The activity plan for the preparation of the regulatory acts draft 2022
- Schedule of measures to monitor the effectiveness of regulatory acts 2023
- Reports on the effectiveness of regulatory acts 2022
- The activity plan for the preparation of the regulatory acts draft 2022
- Schedule of measures to monitor the effectiveness of regulatory acts 2022
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2021
- Schedule of measures to monitor the effectiveness of regulatory acts 2021
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2020
- Schedule of measures to monitor the effectiveness of regulatory acts 2020
- Reports on the effectiveness of regulatory acts 2019
- The activity plan for the preparation of the regulatory acts draft 2019
- Schedule of measures to monitor the effectiveness of regulatory acts 2019
- Reports on the effectiveness of regulatory acts 2018
- The activity plan for the preparation of the regulatory acts draft 2018
- Schedule of measures to monitor the effectiveness of regulatory acts 2018
- Reports on the effectiveness of regulatory acts 2017
- The activity plan for the preparation of the regulatory acts draft 2017
- Schedule of measures to monitor the effectiveness of regulatory acts 2017
- Reports on the effectiveness of regulatory acts 2016
- The activity plan for the preparation of the regulatory acts draft 2016
- Schedule of measures to monitor the effectiveness of regulatory acts 2016
- Reports on the effectiveness of regulatory acts 2015
- The activity plan for the preparation of the regulatory acts draft 2015
-
Draft Regulatory Acts Discussion
- Regulatory acts draft for discussion 2024
- Regulatory acts draft for discussion 2023
- Regulatory acts draft for discussion 2022
- Regulatory acts draft for discussion 2021
- Regulatory acts draft for discussion 2020
- Regulatory acts draft for discussion 2019
- Regulatory acts draft for discussion 2018
- Regulatory acts draft for discussion 2017
- Regulatory acts draft for discussion 2016
- Regulatory acts draft for discussion 2015
- Draft Legislation
-
Regulatory Activity
-
Data
- Cooperation with Civil Society
- Press Center
In times of war, every hryvnia directed to the State Budget is an essential resource for maintaining and strengthening the country's defence capability. Today, Ukrainians fund the Armed Forces of Ukraine with their taxes. The Government finances the defence and security sector expenditures using only domestic tax revenues and War Bonds.
Therefore, to provide additional funding, on 18 July, the Parliament of Ukraine adopted the Law "On Amendments to the Tax Code of Ukraine on Alignment of Ukrainian Legislation with the Legislation of the European Union in the Part of Excise Tax".
Aligning excise taxes with EU legislation is one of the fiscal measures under the IMF's Extended Fund Facility Arrangement aimed at ensuring financial stability, reducing risks, and achieving EU accession goals. Implementation of measures and policies defined in cooperation with the IMF allows attracting funding from both the IMF and other donors for priority social and humanitarian budget expenditures.
The Law provides for:
- bringing the classification of alcoholic beverages in line with the provisions of EU Council Directive 92/83/EEC in terms of the definition of the term intermediate products - wines and other fermented beverages, which are classified under codes 2204, 2205, 2206 according to the Ukrainian Classification of Goods for Foreign Economic Activity
- increase of the excise tax rate for intermediate products from UAH 8.42 to UAH 12.23 per 1 litre (by UAH 3.81), i.e. to the level of the current rate for sparkling wines;
- amending the Tax Code of Ukraine to introduce a gradual increase in the excise tax rate on fuel over 4 years until it reaches the minimum level set by the European Union in view of Ukraine's European integration commitments.
Timetable for increasing excise tax on fuel (EUR per 1000 litres):
Fuel type |
H1 2024 |
from Sep2024 |
2025 |
2026 |
2027 |
2028 |
Motor gasoline |
213,5 |
242,60 |
271,70 |
300,80 |
329,90 |
359,00 |
Diesel fuel |
139,5 |
177,60 |
215,70 |
253,80 |
291,90 |
330,00 |
LNG |
52 |
148,00 |
173,00 |
198,00 |
223,00 |
250,00 |
Alternative motor fuel |
162 |
184,08 |
206,16 |
228,24 |
250,32 |
272,4 |
Such amendments to the Tax Code of Ukraine will increase the revenues of the State Budget of Ukraine from fuel operations by approximately UAH 2.5 billion per month in September-December 2024, including UAH 2.1 billion in excise tax and UAH 0.4 billion in VAT. The increase in the price of 1 litre of fuel will remain insignificant for end consumers (2 to 3%).
This Law will also provide additional revenues to the State Budget from the sale of intermediate products - by UAH 4.5 million per month from excise tax (calculated based on the sales volumes envisaged in the State Budget of Ukraine for 2024).
This is important for maintaining the country's security, as the revenues are directed to the defence and security sector.
The law comes into force after being signed by the President of Ukraine.