Serbia to Increase Cigarette Prices by 10 Dinar per Pack
Starting January 1st, all types of cigarettes in Serbia will see a price increase of 10 dinars per pack (approximately 0.62 yuan or 0.09 USD). The cheapest pack will now cost 310 dinars (approximately 19 yuan or 2.94 USD), while the most expensive will increase to 600 dinars (approximately 37 yuan or 5.71 USD).
Since the introduction of a consumption tax table at the end of 2020, the price of cigarettes in Serbia has been increasing twice a year, with an average increase of 10 dinars each time. The first hike occurred at the beginning of this year, and the second and final hike was in July. The price of cigarettes will continue to rise until 2025.
The purpose of these price changes is to align Serbia with EU standards. According to these standards, by 2025, the country's revenue per thousand cigarettes should be at least 90 euros, instead of the current 70 euros or 1.8 euros per pack.
The consumption tax for liquid used to fill electronic cigarettes will increase by one Dinar per millimeter, and the price of non-combustible tobacco will also rise.
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