Tobacco Excise Duty to be Increased in Georgia

access_time2017-11-10 14:39:02

Akaki Zoidze, Chairman of the Parliament’s Healthcare Committee, announces a further tax rate increase on tobacco.

According to Zoidze,  the excise will be increased  until 2020 in the framework of commitments with the European Union. For example, if the excise cost amounts to about GEL 2 on the filtered cigarette now; it will grow to GEL 3.

Akaki Zoidze says that the goal is to reduce tobacco consumption in the country, a 10% increase in the excise rate will  reduce  consumption by 5-8%.


“In our case, smoking reduction by 15% was due to an excise increase of about 30%. Smokers number maybe has  not reduced greatly but each smoker uses less cigarette because of the price. In addition, companies have also reduced supplies as they are waiting for  new regulations on tobacco", - Akaki Zoidze notes.

gbc




Similar News