The excise tax increased on wine in Russia

The excise tax increased on wine in Russia

Vladimir Putin the President of Russia has signed the law to increase the excise tax on wine.

According to Russian media the law will become effective starting from January 1, 2020.

The law states that from 2020 the excise tax on wine will be 31 rubles per 1 liter, from 2021 - 32 rubles, and from 2023 will be 33 rubles.

The excise tax is also increased on the raw materials of wine and grapes.

In 2020 the excise tax on grapes will be 30 rubles per 1 ton, and in the coming years will be 31 and 32 rubles.

What impact will this have on Georgian wine imports, tried to find out from winemaker Andro Barnov. He said that the Georgian wine makers should not be concentrated on the Russian market. This should be principally important for Georgian business.

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