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Tobacco Market

24/ 03/ 2025
  On 24 March, President of Ukraine Volodymyr Zelenskyy signed Law No. 4115-IX, which provides for a revision of excise duty rates on tobacco products. The European Business Association welcomes the signing of this Law, as it is an important step towards harmonising Ukraine’s tax legislation with the norms of the European Union. The EBA had previously supported the adoption of this decision, emphasising the importance of applying a European approach to determining the euro-to-hryvnia exchange rate throughout the year. The signing of Law No. 4115-IX is a positive and long-awaited step for businesses.

On 24 March, President of Ukraine Volodymyr Zelenskyy signed Law No. 4115-IX, which provides for a revision of excise duty rates on tobacco products. The European Business Association welcomes the signing of this Law, as it is an important step towards harmonising Ukraine’s tax legislation with the norms of the European Union. The EBA had previously supported the adoption of this decision, emphasising the importance of applying a European approach to determining the euro-to-hryvnia exchange rate throughout the year.

The signing of Law No. 4115-IX is a positive and long-awaited step for businesses.

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