Excise tax rate on cigarettes raised

11:41 - 3.11.2021


November 3, Fineko/abc.az.  The excise tax rate on cigarettes will be increased.

ABC.AZ reports that this is reflected in the proposed draft amendments to the Tax Code, discussed at today’s meeting of the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship. 

According to the draft, the excise tax rate for 1,000 cigarettes and their substitutes made from tobacco will increase from 35 manats up to 38.5 manats. At that, it is suggested to increase the excise tax rate for 1,000 units of tobacco and tobacco products consumed as a result of heating (steam) from 12.9 manats up to 14 manats.

Other news