Russia: Excises may be imposed on cosmetic products and domestic chemicals

Draft Federal Law that would amend the Tax Code of the Russian Federation would impose excises on alcohol-containing perfumery and cosmetic products, regardless of product size and alcohol content.

If the draft law is adopted, it would set the excise amount as RUR 523 for 1 liter of anhydrous ethyl alcohol contained in ethyl alcohol, alcohol and alcohol-containing products.

The draft law seeks to amend Chapter 22 of Part II of the Tax Code of the Russian Federation.

 

Law: Draft Federal Law on Amending amend Chapter 22 of Part II of the Tax Code of the Russian Federation