According to a report by Uzdaily on January 6, the government of Uzbekistan announced the adjustment of consumption tax rates for alcohol and tobacco products in 2024.
According to the new policy, the fixed consumption tax rates for alcohol and tobacco products domestically will be adjusted by 12% in line with the inflation level, while the import consumption tax rates for these products will be lowered by 5%.
Starting from January 1, 2024, the excise tax rate on each liter of alcohol will be 70% of the product's cost upon importation and 14,900 som when produced domestically.
There have also been adjustments made to the consumption tax rates for other alcoholic products. For natural grape wine and other wines, the tax rates upon import are 28,500 som per liter and 40,600 som per liter, respectively. As for production, the tax rates are 1 som per liter and 2,200 som per liter, respectively.
The new consumer tax rates for tobacco products, such as cigarettes, cigars, and paper cigarettes, are 10% plus 250,700 som for every 1,000 units. The tax rate for imported products is 10% plus 325,000 som for every 1,000 units.
The consumption tax rate on cigars is 6,400 som each. These adjustments aim to gradually change the tax standards for alcohol and tobacco products to better align with the current economic environment.
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