The president of Kazakhstan has signed Law No. 210-V due to amend the excise tax rules on June 18, 2014 and this law will be effective from January 1, 2015. Excise taxes are levied at rates applicable during import if excisable goods are both imported and sold in Kazakhstan.
The most important amendments are that the amount of excise tax due is expressed by reference to the Monthly Calculation Index (MCI), which amounts to KZT 1,852 in 2014. The following new rates will apply:
- Currently 500 MCI in spite of 3,000 MCI on the production of ethyl alcohol;
- Currently 500 MCI in spite of 3,000 MCI on the production of alcohol, other than beer;
- Currently 100 MCI in spite of 2,000 MCI on the production of beer;
- Currently 100 MCI in spite of 200 MCI on the storage and wholesale of spirits (excluding producers of spirits); and
- On the storage and retail sale of spirits (excluding producers of spirits) for in cities is 100 MCI, for in district towns and villages is 70 MCI and for in rural areas is 30 MCI.
