Minister of Finance Proposes Raising Excise Rates for Alcoholic Beverages
2017 November 07 ( Tuesday ) 15:37:36
Baku / 07.11.17 / Turan: The Minister of Finance Samir Sharifov said it is proposed to double the excise rates for alcoholic beverages.
During the discussions of the draft state budget by the committees of the parliament, the Minister noted proposals for introducing appropriate changes to the Tax Code have already been sent to the President.
"After consideration of proposals by the relevant bodies, amendments to the Tax Code will be provided to the parliament. If adopted, they will come into force next year," he said.
Sharifov believes this will help boost budget revenues.
At present, according to the decision of the Cabinet of Ministers, excise rates for alcoholic beverages range between 20 and 30 percent, depending on the type of beverage. -71D-