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SECTION NEWS

Kyrgyzstan offers to increase excise tax on cigarettes by 250 soms per year 

31/01/17 12:44, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

The deputies of the Зarliament offer each year to increase the excise tax on cigarettes by 250 soms over the next three years. The proposal was made by the MP Dastan Bekeshev.

The MP noted that the excise duty on cigarettes in the country was increased in January 2017. As a result, the rise in price of a pack of cigarettes by an average of 5 KGS is expected. However, Kyrgyzstan still has the lowest rates for tobacco products in the countries of the Eurasian Economic Union (EEU).

MPs propose to re-raise the excise tax on July 1, 2017, and then annually on January for the next three years. However,  the representatives of the tobacco industry have noted that they are against the second for the year increase in the excise tax.

MP agreed with the objections and proposed to increase the excise tax on cigarettes gradually:

- from January 2018 - up to 1,250 soms;

- from  January 1, 2019 - to 1,500 soms;

- from January 1, 2020 - up to 1,750 soms.

Deputies of the Economic and Fiscal Policy Committee supported the bill and sent it to Parliament for voting in the first reading.


URL: http://eng.24.kg/economics/183973-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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