Tobacco.org

Hungary to up tobacco excise tax twice this year to meet EU rules 

Hungary's tobacco market has reached a turning point. By the end of the year it must comply with European Union regulations regarding excise tax. This necessitates a hike of the excise tax on tobacco twice this year. The transition period to comply with the EU cigarette tax regime expires at the end of the year in Poland and Slovakia as well.

The excise tax on tobacco is to be raised twice this year, first in April and then in September. The hike will naturally be reflected in the retail price of cigarette, as well, business daily Világgazdaság said on Tuesday.

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