Turkmenistan raises excise taxes on imported alcohol & tobacco
Ashgabat, Turkmenistan, Dec. 15
By Huseyn Hasanov– Trend:
Amendments to the Tax Code have entered into force in Turkmenistan, according to which, the excise tax rates on certain types of goods and products have changed, Trend reports with reference to a document published in Turkmen media.
Excise duties on imported alcohol products were increased by ten percent. Earlier, the excise rate on beer was 50 percent of the customs value, but not less than five manats per liter, the excise rate on beverages containing up to 20 percent of alcohol was 100 percent, but not less than 25 manats per liter, while the excise rate on beverages containing over 20 percent of alcohol was 100 percent, but not less than 40 manats per liter.
The excise rate on imported spirit used in the manufacture of alcoholic beverages, with the exception of the one imported for medical purposes, as well as by state-owned companies, has increased by 20 percent.
Excise rates on tobacco products imported into Turkmenistan have increased by 17 percent. Prior to this, excise taxes on tobacco accounted for 30 percent, but not less than $2 per pack.
As for local production, the excise rate on beer, wine, spirits and other alcoholic beverages also increased by 10 percent. Alcohol prices for retail sale have also increased by 10 percent.