On November 30, the Verkhovna Rada of Ukraine adopted the Law of Ukraine on Amendments to the Tax Code of Ukraine and Certain Legislative Acts of Ukraine to Ensure Balanced Budget Revenues № 5600.

The Verkhovna Rada of Ukraine in its Telegram channel informs that the law is aim to improve some provisions of the Tax Code of Ukraine in part concerning general issues of tax administration, corporate income taxes, personal income, value added, excise and environmental taxes, rent, payments for land, conditions of stay on the simplified system of taxation.

According to the results of the vote, it was decided that the excise tax on renewable energy will not be introduced, and the rate of environmental tax on carbon dioxide (CO2) emissions will be increased three times, namely from 10 UAH/t to 30 UAH/t.