YEREVAN. – Excise duty rises on vodka, not on wine and brandy, in Armenia. This was stated in the Armenian parliament on Monday by Deputy Finance Minister Vakhtang Mirumyan during the discussion of the draft Tax Code which should come into force from 2018.

Indirect taxes will maintain its high share in total tax collections, but it isn't planned to raise the VAT. As for an excise duty, here increase is offered only on cigarettes and vodka, but not on wine and brandy, considering importance of their production for the industry of the country.

It is noted that the VAT rate in Armenia makes 20%, and excise rates generally are fixed per unit of production (regardless of its value).