Excise Tax Rates are increasing by 10%

Posted by: Tower International Consultants
Category: Business
Taxes in Armenia

According to the changes made to the RA law “On Excise Taxes” the excise tax rates on alcoholic drinks, tobacco products and petrol have been increased by approximately 10%. In addition compressed natural gas has also become subject to excise taxation and is applied at the rate of AMD 8,330 per 1000m3.

The new excise tax rates will be applicable from 1 May 2016. Please contact Tower for more details.