• 17:48
  • Monday ,12 September 2016
العربية

Egypt increases prices of cigarettes after applying VAT law

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12:09

Monday ,12 September 2016

Egypt increases prices of cigarettes after applying VAT law

 Egypt’s smoke cigarettes division at the Federation of Egyptian Industries officially increased the prices of cigarettes Sunday, two days after applying the new value-added tax law, Youm7 reported Monday.

 
In February 2015, the government raised sales taxes on both local and imported cigarettes by 50 percent, according to a Sunday presidential decree. Last July, President Abdel Fatah al-Sisi raised taxes on local and imported cigarettes and alcoholic beverages by up to 200 percent.