Excise tax increases by ten percent
After the 2009 excise tax and VAT increase, from the 1st of January 2010, alcohol and tobacco excise tax increase will occur again. The consumers will detect only minor price increases.
The Portfolio.hu examined the impact of the tax increase on the price of alcohol products particularly spirits and champagne and on the market of cigarettes, (the excise tax on wine is 0). If the tax changes will fully passed on to consumers; Unicum’s price will be higher with 126 HUF, while the price of Törley champagne will be higher with 16 HUF, and Marlboro Lights’ price will increase by 22 HUF – reports Portfolio.hu.
Related news
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages…
Read more >