Turkmenistan raises excise taxes on imported alcohol & tobacco
By 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.