HIGHER RATES OF EXCISE TAX TO BE LEVIED ON BEER AND SOME OTHER ALCOHOLIC DRINKS IMPORTED INTO ARMENIA

Noyan Tapan

F eb 26, 2009

YEREVAN, FEBRUARY 26, NOYAN TAPAN. The National Assembly on February
26 passed in second reading and completely the bill on amendments to
the Law on Excise Tax.

By the bill, the high rates of excise tax, which were established
for imported beer and a number of alcoholic drinks in late 2008 and
will take effect from March 1, have been reduced to some extent. As
a result, by the amendments to take effect from the day following
the official publication, the difference between the excise tax
rates of the indicated goods made in Armenia and those imported will
decline. The same tax rates are currently used in both cases.

"Heritage" faction voted against the bill, while "ARF" faction did
not participate in the vote.