Tobacco investors: the new excise tax proposal may lead to the collapse of the market
According to the Hungarian Association of Tobacco Industry Investors (DBMSZ), if the National Assembly would accept the new excise tax proposal, it would lead to the collapse of the entire market – the trade organization told MTI on Friday.
The communication recalls that the proposal presented by the government plans to increase excise duty on tobacco products in three stages by 29 percent within 1.5 year.
According to the Association, the tax increase on cigarettes may bring an increase of up to 300 HUF by the end of 2017. (MTI)
Related news
Despite the labor shortage and the extreme heat, domestic tobacco cultivation does not stop
The Continental Tobacco Industry Group from Sátoraljaújhely looks forward to…
Read more >
NAV: a license is not required for the non-commercial transport of excise goods in the EU
The National Tax and Customs Administration (NAV) told MTI on…
Read more >
Farmers are entitled to a higher excise duty refund for diesel
The government is helping farmers with another measure. The government…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >
