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Business 1 min read Source: GIGAMIR

Ukrainians smoke less and pay more taxes

Ukrainians smoke less and pay more taxes
photo GIGAMIR

Ukrainians reduce the consumption of tobacco products. In 2017, they smoked 67 billion cigarettes, which is 14% less than a year earlier. Such data are provided by the Ukrainian Tobacco Control Center of the NGO "Life". The key reason for the falling trend experts believe a significant rise in price of cigarettes due to the increase in excise rates. So, from January 1, 2017, a specific excise on tobacco products increased by 40%. It is noteworthy that while the decrease in the number of Kurts did not lead to a reduction in budget revenues, which many analysts predicted. On the contrary, in treasury in the past year from tobacco excises received 39.9 billion UAH. - 20% more than in 2016. Recall, December 7, 2017 Verkhovna Rada approved a multi-year schedule for further increases in excise taxes on tobacco products. On average, the tax burden will grow by 20% annually, until it reaches the minimum European rates of € 90 per 1,000 units. Thus, with the current rate of hryvnia a pack of cigarettes in Ukraine will rise in price to about 90-100 UAH. In 2018, the minimum excise on a pack of 20 cigarettes rose from 12 hryvnia to 15.5 hryvnia.

Original article: Ukrainians become less smoking and pay more taxes.

Source: GIGAMIR
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