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Azerbaijan: New Tax Rates Source from: Tobacco Reporter 12/28/2017 ![]() Azerbaijan will subject imported tobacco products to new excise tax rates, effective Jan. 22, reports AzerNews. The cabinet of ministers has set the excise for imported cigars at AZN20 ($11.77) per 1,000 pieces and that for imported cigarettes at AZN12 per 1,000 pieces. The decision follows a sharp reduction in the exchange rate of Azerbaijani manat against the U.S. dollar, which led to an increase in prices for imported alcohol and tobacco products, as well as to a reduction in excise tax collections in manat. In January-August 2017, Azerbaijan imported tobacco and tobacco products worth $101.9 billion. Of the 10 billion-plus cigarettes consumed, only 1.6 billion are produced in Azerbaijan A pack of cigarettes sells for an average of $1.2 in Azerbaijan, compared with $3.5 in Russia. Enditem |