On September 1, 2024, Law No. 3878-IX "On Amendments to the Tax Code of Ukraine Regarding the Implementation of Provisions of European Union Law on Excise Tax" (hereinafter - the "Law") was published. The Law introduces a number of changes to the Tax Code that came into force on September 1, 2024 (with some exceptions). The Law was adopted to bring Ukrainian legislation in line with European Union legislation, particularly in terms of approximating excise tax rates to the minimum level set in the EU.
Below we comment on the main provisions stipulated by the Law. We would be pleased to discuss the relevant changes in more detail in the context of your business.
