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    Money

    Alcohol and tobacco in Uzbekistan face higher excise rates in 2024

    Alcohol and tobacco in Uzbekistan face higher excise rates in 2024

    Shavkat Mirziyoyev has endorsed a law introducing amendments to legislative acts in connection with alterations to the tax and budget policies, lex.uz informs.

    Alcohol in a glass and a tobacco.
    Source: IWSR

    As per the document, new excise tax rates for alcoholic and tobacco products will be implemented in Uzbekistan in 2024. The majority of these rates have been revised upwards.

    Specifically, the excise tax on domestically produced ethyl alcohol will double, reaching UZS 14,900 ($1.21) per liter. This comes after a fivefold increase at the beginning of 2023.

    Furthermore, excise taxes on certain types of alcoholic beverages will see a 5% hike from July 1. Simultaneously, tariffs for imported alcohol have once again been reduced by approximately 5%.

    Tobacco Product TypeImportLocal production
    Cigarettes with filter, without filter, cigarettes, cigarillos, bidis, kretek (1000 pcs).UZS 325,000 / $26.29 (-4.97%)
    and 10% of the cost
    UZS 250,700 / $20.28 (+12%) and 10% of the cost
    Cigars (1 pc)UZS 6 400 / $0.52 (+11,9%) 
    Tobacco and tobacco-free hookah mixture (1 kg)UZS 382,000 / $30.90 (+12%) 
    Rolling tobacco (1 kg)UZS 382,000 / $30.90 (+12%) 
    Chewing, sniffing and sucking tobacco (1 kg)UZS 382,000 / $30.90 (+12%) 
    Products and capsules with heated tobacco (1 kg)UZS 382,000 / $30.90 (+12%) 
    Tobacco snus without tobacco (1 kg)UZS 154,000 / $12.46 (+12%) 
    Liquids containing tobacco (1 ml)UZS 670 / $0.054 (+10,7%) 

     

    Alcohol Product TypeImportLocal production
    Starting January 1, 2024Starting July 1, 2024
    — Rectified ethyl alcohol from food raw materials
    — Rectified technical ethyl alcohol from the etheraldehyde fraction
    — Head fraction of ethyl alcohol (1 liter)
    70%UZS 14,900 / $1.21
    Vodka, cognac, and other alcohol, except wine and beer
    (per 1 liter of ethyl alcohol)
    UZS 101,500 / $8.21 (-4,96%)UZS 38,000 / $3.07UZS 40,000 / $3.24 (+5,26%)
    Wine (per 1 liter):
    Natural wines without alcoholUZS 28,500 /$2.31 (-5%)UZS 1 / $0.000081
    Other wines, including vermouthUZS 42,750 / $3.46 (-5,03%)UZS 2,200 / $0.18UZS 2,310 / $0.19 (+5%)
    Beer50%, but not less than UZS 12,200 / $0.99 per 1 literUZS 1,550 / $0.13UZS 1,628 / $0.13

     

    Earlier it was reported that Uzbekistan's Tax Committee has announced the cancellation of Value Added Tax (VAT) benefits for medicines and medical services, effective April 1, 2024, as part of changes in the tax and budget policy for the upcoming year.

     

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    31.12.2023, 19:40   Comments (0)   5115
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