THE EXCISE TAX RATE ON WINE, TOBACCO AND OTHER PRODUCTS WILL SIGNIFICANTLY GROW IN THE NEXT FEW YEARS | TKM - International Consulting
October 09, 2023

In early October The Cabinet of Ministers proposed to triple the excise taxes on wine, which will consist 108 rubles in 2024, 112 rubles in 2025, and 116 rubles in 2026.

The increase of excise taxes will also concern the sparkling wine, cigarettes, tobacco and nicotine-containing products, electronic cigarettes and the liquids for electronic nicotine delivery systems (ENDS).

Obviously, these changes provoke the rise in price of the products subjected to the new developments, what makes the consumers save money, giving preference to lower price goods, which can be often fake. The fighting against forgery of excise marks is another big field that we operate in. It’s important to emphasize that this is a particular criminal article, so the offenders are punished both for manufacturing and/or for distribution of counterfeit products as well as for excise mark falsification.

Unfortunately, the consumer cannot always differ the original excise mark from the fake one, and the QR-codes can be fraudulent as well. Thus, the specialists of TKM International Consulting are building the communicative channel with the consumers appealing them to inform about the suspicious goods sending the information to our monitoring department anonymously info@tkm-ic.com  

Source: https://www.forbes.ru/biznes/497562-kabmin-predlozil-povysit-akcizy-na-v...