Prices for Excise Goods to Rise from March 1

On March 1, prices will go up on excisable goods, and it is connected with the decision №17 the Cabinet of Ministers of January 29, which establishes the introduction of new rates after 30 days after their approval

According to the document, the new excise duty rates apply to imported and taxable goods. Thus, on barley beer, they are equal to 1 manat per liter, on grape wines, 80 per cent alcohol and drinks with less than 80 percent alcohol, fortified wine - 2 manat per liter. Excise duty on sparkling wines will be equal to 2.5 manat per liter, and grape must - 0.1 manat. Excise tax on gin, whiskey, vodka, liqueurs, and other distillates will be 6 manat per liter.

Excise duty on 1 thousand cigars and cigarillos is 10 manat, cigarettes - 4 manat. Light drinking distillates will be subject to excise duty of 1 manat per ton, as well as gasoline (special, aviation and white spirit). Excise tax on high-octane gasoline for automobiles will be 80, 120, and 200 manat per ton, depending on their sorts.

Excise tax on jet fuel and light distillates will be 1 manat per ton, and for middle distillates, naphtha and gas oil - 80 manat. For motor oil excise will be up to 50 manat per ton, petroleum coke and bitumen - up to 24 manat per ton.

Fully the rates are available in the Azerbaijani language the following link:

http://www.azerbaijan-news.az/index.php?mod=3&id=60933    --17D-