US EditionEgypt Set to Increase Cigarette and Alcohol Prices
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8 Articles
Egypt: Parliament approves tax increases on cigarettes and alcohol
Egypt set to increase cigarette and alcohol prices
In its general session on Sunday, the Egyptian House of Representatives approved a government-proposed bill to amend certain provisions of Law #67 of 2016 concerning the Value Added Tax (VAT). The amendments aim to bolster the state’s
The National Committee for the Prevention of Tobacco (CNPT) has expressed its positive opinion on the latest known information on the draft Anti-Tobacco Act being prepared by the Ministry of Health, but has urged the Government to go further and implement price rise measures or generic packaging.
After the last tax increase in spring, tobacco companies are already tightening the price screw again: From July, a pack of cigarettes will cost around ten cents more.
Inflation Difference Will Trigger Increase According to TÜİK data, inflation was 12.92% in the first 5 months of the year. With the release of June data, the 6-month inflation difference is expected to reach approximately 14%. This rate will automatically be reflected in the SCT amounts applied to cigarettes. According to economists, as a result of this regulation, cigarette prices may increase by 5 to 8 TL per pack. Taxes Both Income and Health…
Egyptian Parliament approves 12% annual hike in cigarette prices - Dailynewsegypt
The Egyptian House of Representatives, in a general session on Sunday chaired by Speaker Hanafy Gebaly, approved a government-submitted draft law amending select provisions of the Value Added Tax Law (Law No. 67 of 2016). The amendment aims to strengthen state revenues and promote tax and social equity. Under the new legislation, both the minimum […]
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