The Government has adopted a decree amending the procedure for transfer of a share of revenues from the excise tax on fuel manufactured in Ukraine and imported to Ukraine to the consolidated fund of local self-government budgets in 2018.
What is it about?
To ensure proper funding for the local budgets and to ensure compliance with the Law of Ukraine No. 2233 of 07.12.2017, the Ministry of Finance has prepared a draft decree, which stipulates the automated distribution of a share of revenues (13.44%) from the fuel excise tax between the local budgets in the second half of 2018.
What is the benefit?
The decree makes it possible to increase funding for the local budgets in the second half of 2018.