Excise duties on tobacco products will be increased twice in 2021, the cheapest will also be more expensive than current brand-name cigarettes.

The tax on cigarettes is too low in Hungary, so it does not comply with EU regulations requiring the imposition of taxes on tobacco products, writes the mfor.hu. According to the portal, the Hungarian government wants to change this, so the tax bill presented on Tuesday night (which you can read about by clicking here) also states that the excise tax on tobacco products will be increased twice. . According to this, from January 1 to the end of March, the special tax will be HUF 24,000 per thousand threads and 23 percent of the retail price, and from April 26 and HUF 39,300, respectively.

Under current EU regulations, the tax must be a minimum of 115 euros per 1000 strands or at least 90 euros per 1000 strands if it reaches 60 percent of the weighted average price. In comparison, in Hungary the excise duty was 54.7 per cent of the weighted average price, and – At the exchange rate of HUF 334 – was only € 105.7 per 1000 threads – turned out the napi.hu from their March analysis.

The government has raised excise duties on tobacco products in recent years, so there was a short period in which it reached the value set by the EU. In the last year and a half, however, the forint has lost about 15 percent of its value, making it necessary to raise it again.

Starting in 2021, due to the increase in excise duty on tobacco products, the price of cigarettes, which are currently the cheapest at present and will be available for 1,200 guilders, will be around 1,650 guilders a box. We write more about the full tax package here.



The number of independent publishing offices of power is steadily declining, and those that still exist are trying to stay afloat in a growing headwind. At HVG we persevere, we do not give in to pressure and we bring national and international news every day.

That is why we ask you, our readers, to support us, support us, join our membership and renew it!

And we promise to keep doing our best for you in all circumstances!

The boxes full of straw were sold like cigarettes.


MTI
At home

30 million florins were cut on straw.

Here's the new tax package: more favorable kiva rules, tax-free brandy, increased cigarette tax


hvg.hu
Economy

Significant relief is included in the government’s fall tax package, which was presented to Parliament by the Treasury on Tuesday afternoon. Under the proposal, the tax authority can prepare the VAT return next year.