Tax on tobacco products to rise as of February

Tax rates on tobacco products will rise again as of February 1, 2009, according to a Finance Ministry proposal that was okayed by the parliamentary Economic Committee on September 2.

Tax rates on tobacco products will rise again as of February 1, 2009, according to a Finance Ministry proposal that was okayed by the parliamentary Economic Committee on September 2.

The planned tax increase is due to Slovakia's progressive approach to the minimal tax burden on tobacco products effective in the European Union (EU) that Slovakia promised to implement within five years of entering the EU.

The specific part of the cigarettes tax rate is set to increase by 17 hellers to Sk1.58 (€0.05) per piece and the tax on cigars will rise by 35 hellers (1 euro-cent) to Sk2.45 (€0.08).

"It is the last consumer tax increase (on tobacco products) aimed at reaching the minimum tax burden set by the EU," the Finance Ministry report reads.

The parliamentary Economic Committee has also recommended putting Slovakia's law on sea navigation and the peaceful use of nuclear energy into accord with EU legal framework. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.