Putin signed a law on raising excise taxes on wine since 2020
Russian President Vladimir Putin signed a law to increase wine excise taxes since 2020. The document is published on the official portal of legal information.
It is about amending the Tax Code of Russia. According to the adopted document, innovations will come into force on January 1, 2020.
Today, domestic still and sparkling wines are subject to excise tax at a reduced rate. The rate for champagne is 14 rubles. for 1 liter, for wine – 5 rubles. Foreign drinks have a higher excise tax: 19 rubles. – for still wine and 37 rubles. – for sparkling wine.
The law equalizes excise taxes for Russian and foreign drinks. Thus, the excise tax on wines and fruit wines in 2020 will amount to 31 rubles. for 1 liter, in 2021 – 32 rubles, and in 2022 – 33 rubles. The excise tax on sparkling wines in 2020 will be 40 rubles. per 1 liter, in 2021 – 41 rubles, in 2022 – 43 rubles.
The adopted amendments also include wine materials and grapes used for wine production. For wine materials, the excise rate for 2020 will be 31 rubles. for 1 liter, for the 2021st – 32 rubles, for the 2022nd – 33 rubles, for grapes 30 rubles. per ton. At the same time, wine producers from Russian raw materials will be able to receive a tax deduction using a raising coefficient.
In July, “Reliance of Russia” appealed to the Ministry of Finance with a request to take into account the organization’s position when raising excise taxes on wine. According to Opora, an increase in the rate may lead to an increase in prices by 15–20%, especially in the low price category. The maximum excise rate should not exceed 25 rubles.