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Extra levy on cigarettes expected to beef up Treasury by JD35 million
The higher levy on cigarettes is expected to raise JD35 million in extra revenue for the Treasury, according to an official...
The higher levy on cigarettes is expected to raise JD35 million in extra revenue for the Treasury, according to an official source who declined to estimate the amount of the higher tax on alcoholic drinks.
The government raised on Sunday the special tax by 100 fils on each packet of cigarettes and by 10 per cent per liter on alcoholic beverages to beef up revenues for the state budget.
The source said Finance Minister Hamad Kasasbeh would reveal the total revenues of this new taxation decision in the coming days. Several attempts to obtain comments from Kasasbeh were not successful.
According to local cigarette dealers, the tax hike brings up the cost of a packet of foreign cigarettes, such as Marlboro, to around JD1.6 while the local made one would cost JD1.35.
The Jordan Times could not check on the new price lists of alcoholic drinks because liquor shops are closed during the month of Ramadan.
During its weekly meeting last week, the Cabinet endorsed a new regulation to increase the special tax on cigarettes and alcoholic beverages, but published it Sunday in the Official Gazette.
Prior to the new taxation structure, the government collected a general sales tax of 16 per cent, and a special tax of 230 fils on cigarettes. In addition, the government was receiving 102 per cent of the sales value of cigarettes.
The government imposed a 900 fils special tax on each liter of beer and JD1.5 on every liter of other types of alcohol, in addition to the 16 per cent general sales tax.
Top 10 online cigarettes news on Wednesday, February 8, 2012 21:25:02
- The New South Wales Government says it wants to ban what it calls outdoor cigarette sales tents at big music events across the state.
- Turturro said of Gandolfini-s scenes with Susan Sarandon in their new film, Romance and Cigarettes.
- We-ve seen a growing trend of cigarette companies to go and set up outdoor sales tents at large-scale music events.
- If people want to use that time to have a cigarette then that is up to them.
- four main cigarette manufacturers- British American Tobacco, the owner of Lucky Strike, Philip Morris, the owner of Marlboro, Imperial Tobacco, which owns Superkings and Embassy.
- The two unions announced that in two weeks time the workers from the four Bulgartabak Holding factories would start protests against the raise in excise taxes, as they fear import cigarettes would be sold more than locally produced cigarettes.
- The makers of Marlboros and their parent company have now put in usd5.8 million.
- Lipsman said 246.3 million packs of cigarettes were sold in Iowa last year - a figure he expects to drop to 190.5 million this year and to 186.6 million in 2008.
- But the amount of tobacco in a Black and Mild is more than a cigarette and less than a regular cigar, according to the Health Department.
- On Monday, the national tax collection agency SENIAT announced changes regarding taxes on alcohol and cigarettes in an attempt to reduce their consumption.
!!! Annonce !!! Forum Marlboro.