Tobacco Excise Revenue Rose by 27.7%: What Is Driving the Growth?

In the first seven months of 2026, tobacco excise tax revenue approached UZS 2.5 trillion. However, higher tax rates were not the main driver of the overall increase. How much did growth in the estimated volumes of taxable products contribute, and what drove the rise in revenue from imports? The Institute’s analysis reveals the factors behind the growth through specific figures.

Analysis in Uzbek

Analysis in Russian