IT IS ENVISAGED RAISING EXCISE TAX RATES FOR SOME COMMODITIES
Noyan Tapan
Dec 4, 2008
YEREVAN, DECEMBER 4, NOYAN TAPAN. The National Assembly on December
4 passed in first reading the bill on making amendments to the Law
on Excise Tax. The bill was prepared by a group of NA deputies and
envisages raising the excise tax rates for some imported commodities,
including spirits, wines, and beer.
Particularly, the rate of 70 drams for a liter of domestically produced
beer will be retained, while that of a liter of imported beer will
be raised to 200 drams. The rate of 500 drams for vermouth and other
wines which are made of grapes and contain plant and aromatic extracts
will be retained, but the rate of excise tax for imported ones will
make 1,500 drams. The bill’s authors said that its adoption will
make domestic products more competitive, contribute to a growth of
their production, reduce the negative impact of the Armenian dram’s
appreciation on competitiveness of domestic goods and ensure additional
state budgetary revenues.