The price of a pack of the cheapest tobacco products by 2025 will be 4 euros.
In 2018 cigarettes in Ukraine could grow by 7 hryvnia. By 2025, their price may rise to 4 euros per pack.
The Ministry of Finance of Ukraine has developed a bill, which envisages a gradual increase of the excise rate on cigarettes to the minimum European level. Instead of the current 21 Euro per 1000 pieces, tobacco workers by 2025 will be required to pay for each thousand cigarettes 90 euros to the Treasury.
The rate of excise duty will be increased gradually. In 2018 it will increase by the forecast index of consumer prices (8.1 percent) and optional on 20%. Then every year the excise tax will increase to 20%. By 2025, it will reach the European level of 90 euros.
According to expert estimates, this level of tax deductions would lead to a substantial increase in the price of cigarettes in Ukraine. The price of a pack of the cheapest tobacco products by 2025 will be 4 euros.
“At the rate of 90 Euro per 1,000 pieces (the current minimum excise duty in EU), the price of a pack will be approximately 4 euros. And the increase in excise duty next year at 29% will increase the price of a pack of about 7 UAH”, – said the expert of the Ukrainian center for tobacco control NGO “Life” Oksana Hotovitsky.
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