The Cabinet of Ministers of Ukraine approved amendments to the procedure for crediting part of the excise tax on fuel produced in Ukraine and imported into the customs territory of Ukraine to the general fund of the relevant local government budgets.
The resolution establishes shares for the automatic distribution among local budgets of part (13.44%) of the excise tax on fuel in the first half of 2022.
The mentioned shares are determined based on the volume of fuel sold by retail trade entities in the relevant territory during the second half of 2021, taking into account the data of payment transactions recorders (PRT) according to the information of the State Tax Service.
As of March 10, since the beginning of 2022, more than UAH 1 billion of undistributed revenues of the share (13.44%) of the excise tax on fuel has been accumulated on a separate balance account of the State Treasury.
The Treasury will start distributing these funds among local budgets immediately after the resolution enters into force. (Government portal/Business World Magazine)