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1. **Essence of the order:**
Order of the Ministry of Finance of Ukraine No. 291 dated June 5, 2025, introduces changes to the form of the excise tax return and the procedure for its completion and submission. These changes concern the reflection of specific excise tax rates on tobacco products, as well as the procedure for recalculating these rates in hryvnias at the exchange rate of the National Bank of Ukraine.
2. **Structure and main provisions:**
The order introduces changes to appendices 1 and 2 of the excise tax return form, as well as to the procedure for its completion. The main changes concern the tables where specific excise tax rates are reflected. In particular, new columns have been added to indicate the date and NBU exchange rate when generating a unique identifier or purchasing excise tax stamps, as well as when selling/importing goods. Also, the changes concern the procedure for calculating tax on tobacco products, liquids for electronic cigarettes, tobacco raw materials and waste, which must now take into account the official exchange rate of the hryvnia against foreign currency.
3. **Most important provisions:**
The most important provisions are the changes relating to the procedure for reflecting and recalculating specific excise tax rates on tobacco products. In particular, this concerns the need to indicate the NBU exchange rate on the date of purchase of excise tax stamps or the generation of a unique identifier, as well as on the date of sale/import of goods. These changes affect the calculation of excise tax liabilities and may require taxpayers to maintain more thorough accounting and reporting.
