Ways to enhance the stimulating role of excise taxation in the Republic of Uzbekistan

The author examines the specifics of applying excise tax in the economy of Uzbekistan in the context of its accession to the World Trade Organization (WTO). In the article, preliminary global trends in excise taxation are revealed, and the specifics of economic development in the Republic of Uzbekistan is scrutinized. The main functions of excise tax are identified, the priorities for improving excise taxation considered, and the ways of modernizing excise tax in the national economy substantiated. The author develops scenarios for revenues from excise tax on alcohol and tobacco products (moderate, optimistic and pessimistic). It is expected that revenues from excise tax in Uzbekistan will continue to grow in the future if current demographic trends persist, unrecorded consumption is reduced and the rates of this tax are optimized, especially for high-income goods.