The Ministry of Finance will increase alcohol taxes

The Ministry of Finance intends to increase the minimum prices for all alcohol with a fortress of 28% from January 1, 2023. Such an initiative is reflected in the draft order, which is posted on the portal of legal acts.

Retail prices for strong alcohol will increase by 7.7–7.8%. The minimum cost of a bottle of vodka in retail will be increased by 7.7% - from the current 261 rubles to 281 rubles, the cost of a bottle of cognac will also increase by 7.7% - from 480 to 517 rubles per bottle. The minimum price of brandy will rise by 7.8%, from 348 to 375 rubles.

From 2023, the minimum vacation price of manufacturers will also increase - from current 214 rubles to 229 rubles per 0.5 liters, and wholesale - from 222 to 238 rubles, respectively. The minimum vacation price for brandy will increase from 270 to 289 rubles, wholesale - from 284 to 304 rubles per bottle of 0.5 liters. The selling cost of cognac will increase from 371 rubles to 397 rubles, wholesale - from 391 to 419 rubles.

The consumption of strong alcohol since the beginning of 2022 exceeds 8.4% of the same indicators of last year and is currently estimated at 72.35 million decalits. In 2021, in Russia, a total of 66.75 million decalpers of alcoholic beverages by a fortress above 9%were sold in Russia. From January to August 2022, the production of vodka in Russia increased by 9.17% to 49.97 million decalits, and consumption increased by 7.11% to 49.39 million decalpers.

Since the beginning of September, the Russian authorities began to actively look for new ways to replenish the Russian budget. In less than a month with direct or indirect growth of the tax burden, they may encounter: oil and gas, coal and chemical industries , fertilizer production, business through real estate taxes . Ordinary Russians can also feel tax increased - through the accelerated indexation of housing and communal services tariffs. A sharp increase in tax initiatives takes place against the backdrop of information on the record drop in the oil and gas revenues of Russia and the inability to make a budget for the coming years without a shortage.