Azerbaijan revises excise duty rates on tobacco products

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Excise duty rates for tobacco products are being revised in Azerbaijan, Deputy Finance Minister of Azerbaijan Azer Bayramov said during discussions on amendments to the law “on State Duty” at today’s meeting of the Committee on Economic Policy, Industry and Entrepreneurship of the Milli Mejlis (parliament), Trend reports on November 1.According to Bayramov, in this regard, changes are envisaged in two directions.

“Excise rates will increase, as well as duties for the registration of excise stamps. Most of the increase in budget revenues is expected from these changes.

Looking at the WHO figures related to excise taxes, special taxes that are applied in the world on tobacco products..—Azer News

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