Tobacco industrial investors: the cigarette market has one of the highest tax burden

According to the Hungarian Association of the Tobacco Industry Investors (DBMSZ) the cigarette market has one of the highest tax burden in Hungary, the total tax content of cigarettes is about 80 percent.

The Association responded to Patai Mihály, president of the Bank Association, who said at a Thursday conference that the bank sector is overtaxed and gave the example that while the amount of the financial transaction tax amounts to 66-97 percent in the fee of the transaction, the excise duty on fuel price is 30 and in the price of cigarettes, it is 31 percent. (MTI)