diff --git a/GNUmakefile b/GNUmakefile
index e9a8786c..95c5e238 100644
--- a/GNUmakefile
+++ b/GNUmakefile
@@ -140,8 +140,8 @@ reformat:
 
 MAN_SRCDIR := src/man1/
 ALLOY_DEPS := $(wildcard src/*)
-MDBX_VERSION_GIT = ${shell set -o pipefail; git describe --tags | sed -n 's|^v*\([0-9]\{1,\}\.[0-9]\{1,\}\.[0-9]\{1,\}\)\(.*\)|\1|p' || echo 'Please fetch tags and/or install latest git version'}
-MDBX_REVISION_GIT = $(shell git rev-list --count --no-merges HEAD || echo 'Please fetch tags and/or install latest git version')
+MDBX_GIT_VERSION = ${shell set -o pipefail; git describe --tags | sed -n 's|^v*\([0-9]\{1,\}\.[0-9]\{1,\}\.[0-9]\{1,\}\)\(.*\)|\1|p' || echo 'Please fetch tags and/or install latest git version'}
+MDBX_GIT_REVISION = $(shell git rev-list --count HEAD ^`git tag --sort=-version:refname | sed -n '/^\(v[0-9]\+\.[0-9]\+\.[0-9]\+\)*/p;q'`)
 MDBX_GIT_TIMESTAMP = $(shell git show --no-patch --format=%cI HEAD || echo 'Please install latest get version')
 MDBX_GIT_DESCRIBE = $(shell git describe --tags --long --dirty=-dirty || echo 'Please fetch tags and/or install latest git version')
 MDBX_VERSION_SUFFIX = $(shell set -o pipefail; echo -n '$(MDBX_GIT_DESCRIBE)' | tr -c -s '[a-zA-Z0-9]' _)
@@ -220,10 +220,10 @@ src/version.c: src/version.c.in $(lastword $(MAKEFILE_LIST)) $(git_DIR)/HEAD $(g
 		-e "s|@MDBX_GIT_TREE@|$(shell git show --no-patch --format=%T HEAD || echo 'Please install latest get version')|" \
 		-e "s|@MDBX_GIT_COMMIT@|$(shell git show --no-patch --format=%H HEAD || echo 'Please install latest get version')|" \
 		-e "s|@MDBX_GIT_DESCRIBE@|$(MDBX_GIT_DESCRIBE)|" \
-		-e "s|\$${MDBX_VERSION_MAJOR}|$(shell echo '$(MDBX_VERSION_GIT)' | cut -d . -f 1)|" \
-		-e "s|\$${MDBX_VERSION_MINOR}|$(shell echo '$(MDBX_VERSION_GIT)' | cut -d . -f 2)|" \
-		-e "s|\$${MDBX_VERSION_RELEASE}|$(shell echo '$(MDBX_VERSION_GIT)' | cut -d . -f 3)|" \
-		-e "s|\$${MDBX_VERSION_REVISION}|$(MDBX_REVISION_GIT)|" \
+		-e "s|\$${MDBX_VERSION_MAJOR}|$(shell echo '$(MDBX_GIT_VERSION)' | cut -d . -f 1)|" \
+		-e "s|\$${MDBX_VERSION_MINOR}|$(shell echo '$(MDBX_GIT_VERSION)' | cut -d . -f 2)|" \
+		-e "s|\$${MDBX_VERSION_RELEASE}|$(shell echo '$(MDBX_GIT_VERSION)' | cut -d . -f 3)|" \
+		-e "s|\$${MDBX_VERSION_REVISION}|$(MDBX_GIT_REVISION)|" \
 	src/version.c.in > $@
 
 src/config.h: src/version.c $(lastword $(MAKEFILE_LIST))
@@ -290,7 +290,7 @@ endef
 $(foreach file,$(filter-out man1/% VERSION %.in ntdll.def,$(DIST_EXTRA)),$(eval $(call dist-extra-rule,$(file))))
 
 dist/VERSION: src/version.c
-	mkdir -p dist/ && echo "$(MDBX_VERSION_GIT).$(MDBX_REVISION_GIT)" > $@
+	mkdir -p dist/ && echo "$(MDBX_GIT_VERSION).$(MDBX_GIT_REVISION)" > $@
 
 dist/ntdll.def: src/ntdll.def
 	mkdir -p dist/cmake/ && cp $< $@
diff --git a/cmake/utils.cmake b/cmake/utils.cmake
index a4ed7bdf..8e98267f 100644
--- a/cmake/utils.cmake
+++ b/cmake/utils.cmake
@@ -113,13 +113,30 @@ macro(fetch_version name source_root_directory parent_scope)
       message(FATAL_ERROR "Please install latest version of git ('show --no-patch --format=%H HEAD' failed)")
     endif()
 
-    execute_process(COMMAND ${GIT} rev-list --count --no-merges HEAD
+    execute_process(COMMAND ${GIT} tag --sort=-version:refname
+      OUTPUT_VARIABLE tag_list
+      OUTPUT_STRIP_TRAILING_WHITESPACE
+      WORKING_DIRECTORY ${source_root_directory}
+      RESULT_VARIABLE rc)
+    if(rc)
+      message(FATAL_ERROR "Please install latest version of git ('tag --sort=-version:refname' failed)")
+    endif()
+    string(REGEX REPLACE "\n" ";" tag_list "${tag_list}")
+    set(last_release_tag "")
+    set(git_revlist_arg "HEAD")
+    foreach(tag IN LISTS tag_list)
+      if(NOT last_release_tag)
+        string(REGEX MATCH "^v[0-9]+(\.[0-9]+)+" last_release_tag "${tag}")
+        set(git_revlist_arg "${tag}..HEAD")
+      endif()
+    endforeach(tag)
+    execute_process(COMMAND ${GIT} rev-list --count "${git_revlist_arg}"
       OUTPUT_VARIABLE ${name}_GIT_REVISION
       OUTPUT_STRIP_TRAILING_WHITESPACE
       WORKING_DIRECTORY ${source_root_directory}
       RESULT_VARIABLE rc)
     if(rc OR "${name}_GIT_REVISION" STREQUAL "")
-      message(FATAL_ERROR "Please install latest version of git ('rev-list --count --no-merges HEAD' failed)")
+      message(FATAL_ERROR "Please install latest version of git ('rev-list --count ${git_revlist_arg}' failed)")
     endif()
 
     string(REGEX MATCH "^(v)?([0-9]+)\\.([0-9]+)\\.([0-9]+)(.*)?" git_version_valid "${${name}_GIT_DESCRIBE}")
@@ -136,7 +153,7 @@ macro(fetch_version name source_root_directory parent_scope)
     endif()
   endif()
 
-  if(NOT ${name}_GIT_VERSION OR NOT ${name}_GIT_TIMESTAMP OR NOT ${name}_GIT_REVISION)
+  if(NOT ${name}_GIT_VERSION OR NOT ${name}_GIT_TIMESTAMP OR ${name}_GIT_REVISION STREQUAL "")
     if(GIT AND EXISTS "${source_root_directory}/.git")
       message(WARNING "Unable to retrive ${name} version from git.")
     endif()