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Russian Market > Government Regulation
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Excise Revenues Slows Down

Growth in tax revenue from cigarette production has started to lag behind the indexation of rates – it is time to frozen the indexation to keep the market legal

Just 25% more excise on tobacco products made in Russia was collected in 2014 than in 2013, while the rates were indexed by 40% in 2014. This year this gap will most likely increase.

The new excise rates (for 2015-2017) are shown in the table below. As they were adopted, there was the same new-fangled law-making...

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