the Russian Government on Wednesday to discuss the increase in the ad valorem part of the excise tax on cigarette next year from the previously planned 13% to 14.5%, writes “Kommersant” with reference to market participants.
on 2 November the state Duma approved the increase of a specific section of the cigarette excise tax next year to 10% — to 1.56 thousand rbl. for 1 thousand cigarettes. The initiator of the increase in the ad valorem component was the Ministry of Finance. As writes the edition, to an approved increase of 10% of specific part of excise duty may be added the increase of ad valorem component to 14.5% next year instead of the planned 13%.
This rule may be made in amendments to the Tax code for the second reading.
Earlier it was reported that the Cabinet plans to patch the budget by raising the price of cigarettes, wine and petrol.
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