Legal tobacco market is on slope

The legal tobacco market continued to decline In October. According to preliminary datas, only 18 billion HUF excise tax revenue has flowed into the budget – portfolio.hu describes the datas, on the basis of the article of Napi Gazdaság.

Therefore the analysts of the tobacco industry held a meeting in the Ministry of National Economy (NGM) to coordinate about the dramatically decreasing tobacco turnover.

Due to a decrease of the last months, the Ministry of National Economy (NGM) expects a 26 billion HUF excise tax decline. Taking the value of VAT decline into account, the result can be a 40 billion HUF loss. (Napi Gazdaság, portfolio.hu)