Russia: Vodka Excise Tax and Minimum Set Price Rates for 2015

Excise tax rates for alcoholic beverages in Russia have increased steadily and significantly from 2011-2014. As a result, the cost of the cheapest bottle of vodka grew from 89 rubles in 2010 to 220 rubles in 2014. It also raised the prevalence of illegal vodka in the Russian market that, according to industry experts, accounted for 60 percent in 2014. In 2014, domestic vodka production declined by 22.3 percent
reaching only 66. 6 million decaliters – the lowest level in modern Russian history. As a result, the Russian government has agreed to freeze excise taxes and reduce the minimum set price of vodka at retail in 2015.

Russia: Vodka Excise Tax and Minimum Set Price Rates for 2015