Czech Proposes Increased Taxes on Tobacco Products
The Czech government, according to documents submitted by Finance Minister Zbyněk Stanjura, plans to raise the tobacco consumption tax, levy more on heated tobacco, and introduce new taxes on e-cigarettes.
The proposal suggests a 10% increase in tobacco consumption tax in 2023, with a further 5% increase annually between 2025 and 2027. Taxes on heated tobacco, currently at a fifth of traditional tobacco, would rise to 29% by 2024. New taxes on e-cigarettes would be aligned with the European Tobacco Directive (TPD).
This comes after an increase in consumption tax in 2023, which has already led to a rise in cigarette prices. However, the proposal is still under government discussion and legislative process and will take into account public health, fiscal revenue, and market conditions.
Thumbnail source: CEOworld
*The content of this article is written after the extraction, compilation and integration of multiple information for exchange and learning purposes. The copyright of the summary information still belongs to the original article and its author. If any infringement is found, please contact us to delete it.
