On June 29, 2023, the Verkhovna Rada adopted Law of Ukraine №3173-IX dated 29.06.2023 “On amendments to the Tax Code of Ukraine and Other Laws of Ukraine in connection with the Implementation of Electronic Traceability of Alcoholic Beverages, Tobacco Products and Liquids Used in Electronic Cigarettes" (further — the "Law"). The Law introduces electronic traceability of the circulation of alcoholic beverages, tobacco products and liquids used in electronic cigarettes, including through the introduction of an electronic excise tax stamp, an electronic circulation system, and an excise electronic document.
Certain provisions of the Law became effective on 26.07.2023. The main provisions of the Law, namely, the electronic circulation tracking system, will be implemented in 2026.
Below we comment on the main changes introduced by the Law. We would be happy to discuss the relevant changes in more detail in the context of your business.
