Excise Tax on Tobacco Products in Kazakhstan Will Be Increased
OREANDA-NEWS. October 29, 2010. The corresponding norm is contained in the draft law “On introducing amendments and addenda to some legislative acts on taxation issues”, which have been approved by the Parliament of Kazakhstan on Wednesday at the plenary session during the second and final reading.
“The government has proposed to increase the excise tax on tobacco by 25% in 2011.We have extended the offer of the Government and added a regulation allowing to increase the excise rates not only in 2011 by 25%, but in the next two years, i.e. in 2012-
Currently, the excise rate is 800 KZT per 1 thousand cigarettes (147.64 / USD 1).
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