Spectator on facebook

Spectator on facebook

Cigarette prices to go up by €0.10 in October

The government on June 27 discussed and passed a proposal to raise the excise tax on cigarettes beginning in October 2012 rather than in March 2013 as originally planned, the TASR newswire reported. "The proposed excise tax hike on tobacco products will have a direct adverse impact on households of smokers, as the price for a pack of cigarettes will rise by some €0.10 (VAT included)," states the proposal submitted by the Finance Ministry, quoted by TASR.

The government on June 27 discussed and passed a proposal to raise the excise tax on cigarettes beginning in October 2012 rather than in March 2013 as originally planned, the TASR newswire reported.

"The proposed excise tax hike on tobacco products will have a direct adverse impact on households of smokers, as the price for a pack of cigarettes will rise by some €0.10 (VAT included)," states the proposal submitted by the Finance Ministry, quoted by TASR.

The Finance Ministry expects to see additional revenue of €8.15 million in 2013, €8.51 million in 2014, €8.87 million in 2015 and €9.22 million in 2016, TASR wrote.

Source: 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.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo