The excise tax rate on beer has increased to 24% of its value.

Turkmenistan’s Law on Additions and Amendments to the Tax Code of Turkmenistan, signed by the President Gurbanguly Berdimuhamedov on October 24 this year, was published on the Monday issue of Türkmenistan newspaper.

In accordance with the document in the section “For Produced Goods”, the excise tax rate on beer has increased to 24% of its value; for natural grape wines, spirits, liqueurs and other alcoholic beverages (except for grape must), and drinks with an alcohol content of up to 20% inclusive - up to 31% of their cost, over 20% to 30% inclusive - up to 48% of their cost, over 30% - up to 61% of their cost.

In addition, in the section “On goods imported into the customs territory of Turkmenistan”, the excise tax rate on beer rose to 73% of the customs value and up to 7 manats per 1 liter, for grape wines and other alcoholic beverages with an alcohol content of up to 20% inclusively - up to 133% of the customs value and up to 31 manats per 1 liter, over 20% - up to 133% of the customs value and up to 48 manats per 1 liter.

The customs value of alcohol used in the manufacture of alcoholic beverages (with the exception of those imported for medical purposes, and by state enterprises, consumer association enterprises) rose to $6 per 1 liter.

The excise tax rate on tobacco products increased to 74% of the customs value and to $3 per pack.

The customs value of other industrially manufactured tobacco and industrial tobacco substitutes rose to $15.6 per kg.

Business Turkmenistan