INCREASE THE EXCISE TAX INSTEAD OF VAT: BENEFITING THE STATE BUDGET, CONSUMERS, AND THE MARKET
Starting from July 1, 2023, a 20% VAT will be reinstated on fuel in Ukraine. This will inevitably lead to higher gas station prices and the proliferation of tax evasion schemes. Instead, Ukrainian Oil and Gas Association (UOGA) proposes equalizing the excise tax rate at 180 euros per 1,000 liters for all motor fuels and […]
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