- Actual, Articles

Bad news for smokers: a new excise tax on cigarettes will be introduced from April 1

Although the harm of smoking is well known, many people are in no hurry to give up this habit. Perhaps a new increase in cigarette prices will make you think about it again.

The Tax Service reported that from the beginning of April, cigarette manufacturers and importers will apply a new coefficient of 1.1 to the minimum excise tax. This norm will be valid until the end of the year. This is reported by pmg.ua.

According to the results of the excise tax declaration for 2024, it became known that the share of tax liabilities in the weighted average retail price of cigarettes was 55.8%, which is less than the established figure of 60%. In accordance with the Tax Code, the official portal of the State Tax Service has already published current data: the total amount of tax liabilities, the average selling price of cigarettes and the percentage ratio of taxes to the retail price.

Experts note that these changes will inevitably lead to an increase in the price of tobacco products. However, the exact amount by which the price of one pack of cigarettes will increase has not yet been announced.