The State Duma Committee approved a reduction in excise tax rates on Russian sparkling wines

Published 2024년 4월 5일

Tridge summary

The State Duma Committee on Budget and Taxes has endorsed amendments aimed at supporting domestic wine producers by reducing excise tax rates on domestic sparkling wines, including what is commonly referred to as Russian champagne, from 141 rubles per liter to 119 rubles per liter starting May 1, 2024. This reduction is set to last until the end of 2024, with incremental increases planned for the subsequent two years. Furthermore, the amendments include modifications to the tax base for fortified wines and introduce a new coefficient to enhance tax deductions for excise taxes on wine materials, all designed to bolster the domestic wine industry.

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Original content

The State Duma Committee on Budget and Taxes approved a reduction in excise tax rates on domestic sparkling wines, including Russian champagne. A group of deputies introduced corresponding amendments to the second reading into the government bill on the introduction of special accounting and control stamps for labeling tobacco products instead of excise stamps. As one of the authors of the amendments, a member of the State Duma Committee on Budget and Taxes Ayrat Farrakhov (United Russia), explained, the group of amendments is aimed at supporting domestic wine producers. “The set of amendments implies a reduction in the excise tax rate on sparkling wines, including Russian champagne, established from May 1, 2024, from 141 rubles per liter to 119 rubles per liter,” he said. According to the text of the amendments, the excise tax rate on sparkling wines, including Russian champagne, from May 1 to December 31, 2024 inclusive, will be 119 rubles. per liter, from January 1 to December ...

Source: Kvedomosti