According to Uzdaily reported on January 6, the Uzbek government announced adjustments to the excise tax rates on alcohol and tobacco products in 2024.
According to the new policy, the fixed consumption tax rate for domestic alcohol and tobacco products will be adjusted according to the inflation level by 12%, while the imported consumption tax rate for these products will be reduced by 5%.
From January 1, 2024, the excise tax rate per liter of alcohol will be 70% of the product cost at the time of import and 14,900 soums at the time of production.
For other alcohol products, the consumption tax rate has also been adjusted accordingly. The tax rates for natural and other wines are respectively 28,500 and 40,600 soums per liter at the time of import and 1 and 2,200 soums per liter at the time of production.
The new consumption tax rate for tobacco products such as cigarettes, cigars and paper cigarettes is 250,700 soum plus 10% per 1,000 pieces, while the tax rate for imported products is 325,000 soum plus 10% per 1,000 pieces.
The excise tax on cigars is 6400 soums each. These adjustments are intended to gradually change the taxation standards for alcohol and tobacco products to make them more consistent with the current economic environment.
