Ministry of Finance of Ukraine issued a general discussion on the draft law on amendments to the Tax Code regarding increasing taxes and fees based on the consumer price index and the price index in industry. Bill published on the official website of the Ministry of Finance.

The maximum size of the rate increase is defined according to the Cabinet of Ministers of Ukraine № 1125 from November 28, 2012, whereby the consumer price index and producer price index of industrial production is forecast at 104.8% and 105.5% respectively.

"The bill is designed to meet the requirements of the Tax Code on the annual review of certain taxes and duties", - the explanation of the document.

In particular, the 4.8% planned to increase the excise tax, the fee for the initial registration of the vehicle, environmental tax, land plots that have no monetary value, and the fee for the use of radio frequency resource of Ukraine. At 5.5% planned to increase fees for royalty, fee for use of water and forest resources.

The bill defined the absolute rates of taxes and duties not only on industrial goods, but also to groups of excisable goods - particularly for cigarettes (181.5 USD for 1000) and alcohol (51.8 USD per liter of 100% alcohol) .

As UNIAN reported earlier, in early April, the Ministry of Infrastructure of Ukraine also expressed its willingness to submit to the government the issue of raising excise taxes on petroleum products in accordance with European standards.