Uzbekistan to impose excise tax on soda and energy drinks

Carbonated Drinks

Uzbekistan

Regulation & Compliances

Published Jan 11, 2024

Tridge summary

The President of Uzbekistan signed a decree to impose regulations on consumer packaging starting from April 1, 2024, including a consumption tax on carbonated drinks and energy drinks collected to support the National Pharmaceutical Development Fund. The Ministry of Health of Ukraine recommended the tax to reduce excessive consumption and the prevalence of diseases caused by sugary drinks, but Coca-Cola and Pepsi-Cola raised concerns that the tax will increase sales costs and impact their investment plans in Ukraine.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Uzbekistan News Network reported on January 4 that at the end of December 2023, the President of Uzbekistan signed the "Decree on Amending and Supplementing the Tax and Budget Policy Act of Uzbekistan for 2024", deciding to impose regulations on consumer packaging starting from April 1, 2024. A consumption tax of 500 soums/liter is levied on carbonated drinks containing sweetening substances such as sugar or other flavoring substances, and a consumption tax of 2000 soums/liter on energy drinks and tonic drinks. The tax collected will be used to support the National Pharmaceutical Development Fund. Previously, officials from the Ministry of Health of Ukraine have stated that excessive consumption of carbonated drinks and energy drinks has led to the prevalence of obesity, diabetes and other diseases. They proposed to impose a consumption tax on sugary drinks in accordance with the recommendations of the World Health Organization to reduce excessive consumption. Carbonated ...

Source: Foodmate