By: P.T., STA
The Finance Ministry proposed a rise in excise duties on cigarettes that comes with an average 5% increase for a pack of cigarettes.
The rise, which is expected to take effect in August, is reckoned to bring in an additional EUR 18 million a year. Under the proposal, which will be discussed by the government at one of its forthcoming sessions, excise duty per 1,000 cigarettes will rise from EUR 120 to EUR 127. Taking into account the increase and VAT, the average price of a pack of cigarettes will stand at EUR 3.24 from 1 August.