In three months, mandated beer branding brought $1.4 million in tax revenue to Kyrgyzstan's treasury, 24.kg reports referring to the State Tax Service.
The profit twice outperformed the predetermined strategy and statistics for the same period the previous year. The GNA assumes that the increase is attributable to the implementation of compulsory beer labeling beginning January 1, 2023. Furthermore, regulation over the distribution of alcoholic drinks has been reinforced.
From January 1, 2023, the manufacture and import of beer categorized as TN VED 2203 will be required to bear a special tax stamp. The distribution of unlabeled beer remains is prohibited from July 1, 2023.
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