Categories
· Cross-Border/Crime
· Tax
non-USA, by Country
· Europe
· Hungary
|
Jump to full article: Tobacco Journal International, 2008-10-28
Intro: Hungary's government has objected to a European Union directive which will raise the excise duty on tobacco by 2014, the finance ministry said on Monday.
Currently, excise duties levied on cigarettes must account for at least 57 per cent of price, and must be at least EUR 64 per 1,000 cigarettes, for products falling under the "most popular price category" in Hungary.
This current percentage would be increased to 63 per cent of the weighted average price and the rate of EUR 64 will rise to EUR 90 for all cigarettes by 2014, under the new proposal of the European Commission.
Jump to full article » |