Central Bank of Egypt governor stresses need for boosting domestic production to curb inflation    Egypt's Abdalla highlights domestic production, inflation control at Arab banks meeting    Egypt's PM says Gaza war dominating political scene, vows to continue economic reform    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Hike in tax on cigarettes will go to healthcare budget: Govt spokesman
Annual sales tax on cigarettes will be worth around LE5 billion after the increases
Ahram Online Published in Ahram Online on 23 - 02 - 2015

The money generated by a hike in sales taxes on cigarettes -- the third increase in a year – will go towards the government's healthcare budget, cabinet spokesperson Hossam Qawish said on Monday.
Qawish also added in media statements that increasing the sales taxes on cigarettes complied with Egypt's commitment to the World Health Organisation's framework agreement on tobacco control through pricing and taxation.
Egypt raised sales taxes on cigarettes on Saturday via a presidential decree published in the country's official gazette.
The most expensive cigarettes, currently priced at LE19.75 a pack but sold by most vendors for up to LE21, will see their price per pack jump by at least LE1.5.
Local and foreign brands with an official retail price between LE10 and LE16 will see a price hike of at least LE1 per pack.
Brands officially sold for LE10 per pack or under, such as Egypt's popular Cleopatra brand, will see a LE0.5 increase or more in retail price as their fixed sales tax component increases to LE2.25, from LE1.75.
Qawish stated the total revenue of sales taxes on cigarettes after the latest increase would be between LE5 and 5.5 billion annually, most of which would be allocated to improve health care and health insurance in the public budget.
He added that Egypt still had some of the lowest rates of sales taxes on cigarettes and tobacco in the world.
http://english.ahram.org.eg/News/123773.aspx

Clic here to read the story from its source.