KIEV, Dec. 15 – Additional payments to the 2016 national budget in the amount of UAH 18.1 billion will be seen from the increase of the excise duties on tobacco and alcohol, the Cabinet of Ministers has forecast.

This is outlined in the draft 2016 national budget published on December 11.

According to bill No. 3630 on the creation of competitive conditions in taxation and stimulation of the economic operations in Ukraine it is planned to double the excise duty on liquor and vodka, to UAH 141.06 per liter of 100% ABV in 2016, and the rate will be increased by 5% in 2017-2020, reaching UAH 171.47 in 2020.