Armenia Excise Tax Hike to Raise Tobacco and Alcohol Prices by 13%
The Armenian National Assembly approved amendments to the Tax Code on July 3, setting higher excise tax rates for tobacco, alcohol, and electronic cigarettes from 2027 to 2029. Economist Grant Mikaelyan stated on July 17 that the reform serves a dual fiscal and social purpose, with retail prices expected to rise by up to 13% […]
