Revised VAT Bill Approved in Egypt, Expecting Cigarette Price Increase

Oct.31.2023

Egypt's Parliament approved a revised value-added tax bill, raising tobacco taxes and leading to an expected increase in cigarette prices.

According to a report from Egypt Independent on October 30th, Ibrahim Imbaby, the head of the tobacco department at the Egyptian Chamber of Commerce, disclosed that the Egyptian House of Representatives has approved a revised value-added tax bill. With the increase in tobacco taxes proposed in the bill, it is expected that cigarette prices in Egypt will rise.

The bill includes a 50% increase in specific taxes on cigarette products in the local market, covering three tiers (low, medium, high). Moreover, it also raises the prices of heated tobacco and e-cigarettes.

He further explained that the lowest category of prices will not exceed 30 Egyptian pounds, as the law sets the maximum at 31 Egyptian pounds, and added, "The company will leave one pound for price fluctuations." He clarified that the prices for the medium category will not exceed 43 Egyptian pounds, while the prices for the highest category will range from 55 to 60 Egyptian pounds, based on the increase in the new tax rates.

References:

[1] Egypt's cigarette prices to increase once more following new VAT tax

Also Read:

[1] Egyptian Customs Seize Smuggled Marijuana E-Cigarettes in Aswan

[2] Eastern Company: Acquisition by Global Investments Holding for $625 million

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Moroccan Government Rejects Opposition Proposal to Increase Excise Tax on E-Cigarettes

Moroccan government has firmly rejected proposals from opposition parties to increase the internal consumption tax (TIC) on e-cigarettes and related products under the 2026 Finance Bill. Budget Minister Delegate Fouzi Lekjaa argued that raising excise duties would not reduce demand and would instead encourage smuggling. Opposition groups emphasized the growing health risks and rising popularity of vaping among young people.

Nov.13 by 2FIRSTS.ai

Selangor preparing regulatory policy that may gradually prohibit vape use

Selangor is drafting a policy paper outlining its regulatory direction for electronic cigarette products, including the possibility of gradually prohibiting vape use. The move aligns with the Tobacco Product Control Act for Public Health 2023 (Act 852) and aims to strengthen enforcement and youth health education.

Nov.21 by 2FIRSTS.ai

Ispire and IKE Tech Welcome FDA Enforcement Boost, Highlight Need for Tech-Based Controls

Ispire Technology and IKE Tech issued statements after the U.S. FDA received Congressional funding and directives to strengthen enforcement against illicit vaping products. The companies emphasized updated guidance, multi-agency coordination and the role of blockchain and age-verification technologies in preventing illegal imports and protecting youth.

Nov.20

Kenya Court of Appeal Halts BBC Defamation Case Linked to BAT Bribery Documentary

Kenya’s Court of Appeal has paused the defamation proceedings filed by National Assembly Speaker Moses Wetang’ula against the BBC. The case centers on a 2015 BBC documentary, Panorama: The Secret Bribes of Big Tobacco, which alleged that Wetang’ula received unlawful benefits from British American Tobacco (BAT) during his tenure as a senator.