Russian President Dmitry Medvedev has signed into law a bill seeking to hike excise taxes for tobacco and alcohol products in 2012–2014, the Kremlin’s press service said in a statement Tuesday.
Tobacco tax
Under the law, the excise tax on cigarettes is to amount to no less than 460 rubles per 1,000 units from January 1, 2012; 510 rubles from July 2012; 730 rubles from 2013; and 1,040 rubles from 2014.
The excise tax on alcohol products is to increase by 10% to 254 rubles per liter from January 1, 2012. The excise tax on alcohol is expected to amount to 300 rubles per liter from July 1, 2012; 400 rubles from 2013; and 500 rubles from 2014.
