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Kazakhstan plans to increase excise duties on alcohol

Business Materials 23 September 2016 16:45 (UTC +04:00)
Kazakhstan plans to gradually increase excise duties on alcoholic beverages in 2017-2019

Baku, Azerbaijan, Sept. 23

By Elena Kosolapova - Trend:

Kazakhstan plans to gradually increase excise duties on alcoholic beverages in 2017-2019, Kazakhstan Today news agency reported.

It is envisaged by the draft law on taxation presented by Kazakh National Economy Minister Kuandyk Bishimbayev at the conference “Actual issues of taxation” in Astana.

According to the draft law, an excise tax on alcoholic beverages will be increased to 2,000 tenge (337.78 tenge = $1) per liter in 2017, then to 2,275 tenge per liter in 2018 and 2,550 in 2019.
Currently an excise duty for one liter of 100 percent pure alcohol is 1,380 tenge.

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