Price increase for several types of cigarettes from February 12 approved

The price of cigarettes produced by Imperial Tobacco will increase by 10 dinars from February 12, Blic reports.

The reason for the price correction is an increase of the specific excise tax from the New Year, by a dinar and a half per pack, which changes twice a year according to the excise tax calendar.

The state will now be collecting RSD 67 per pack from producers. Furthermore, a proportional excise tax of 33% is calculated on the price of cigarettes and the VAT is added to the entire amount. In other words, the increase of this tax leads to an increase of other charges, which is why the prices are raised by an amount considerably higher than the increase defined based on the specific excise tax.

The Blic source says that Imperial Tobacco asked for the prices to be raised first and that this was approved on January 18.

Imperial tobacco SCG Beograd

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