Government of Russian Federation approved for ratification  EAEU  agreement on excise taxes on tobacco products

ArmInfo. The Russian government approved for ratification an agreement on the principles of tax policy in the field of excise taxes on tobacco products of the  states of the Eurasian Economic Union (EAEU). This is stated in the  decree of the Cabinet of Ministers, which is the TASS agency reports.

"To approve and submit to the President of the Russian Federation for  submission to the State Duma for ratification <...> an agreement on  the principles of tax policy in the field of excise taxes on tobacco  products of the Eurasian Economic Union member states," the text of  the resolution says.

The Deputy Prime Ministers of the countries of the Eurasian Economic  Union (EAEU) signed an agreement on the principles of tax policy in  the field of excise taxes on tobacco products in December 2019. It is  assumed that, starting from 2024, when calculating national rates of  excise duty on cigarettes, the EAEU countries will proceed from an  indicative rate of 35 per 1,000 cigarettes with a deviation of no  more than 20% up or down. To adapt the business to new requirements,  the period for reaching the indicative rate is determined from 2020  to 2024. The member states of the Eurasian Economic Union are the  Republic of Armenia, the Republic of Belarus, the Republic of  Kazakhstan, the Kyrgyz Republic and the Russian Federation.