HomeEconomyTowards an increase in cigarette taxation in 2023?

Towards an increase in cigarette taxation in 2023?

The government plans to modify the rules for calculating the increase in excise taxes on tobacco, according to Les Echos. A decision that could lower the price of the package to a minimum of 11 euros.

Soon a pack of cigarettes for more than 11 euros? According to information from echoesThe Government plans to raise tobacco taxation from 2023. A measure that could be included in the Social Security financing bill.

Today, the excise tax increase calculated each year on cigarettes is indexed to inflation two years ago and is capped at 1.8%. With a 1.6% increase in consumer prices in 2021, the increase in tobacco prices should remain moderate in 2023 compared to the current level of inflation.

A 5-6% excise tax increase next year?

But the executive is studying a change of rules. There is no reason why only tobacco should be spared from inflation. Specifically, the executive’s idea would no longer be to take the inflation of two years ago but rather that of the previous year, removing the ceiling of 1.8%. Taking into account the inflation observed in 2022, this would translate into an increase in excise duties from 5 to 6% next year.

With this new regulation, the minimum price of a pack of cigarettes would no longer be 10 euros but at least 11 euros, according to the echoes. The price of a package of rolling tobacco would increase to 15 euros.

However, “nothing has been arbitrated at the moment”, Bercy assures our colleagues from the Figaro. The newspaper also ensures that another option is being studied. It would be a matter of deciding only for a limited increase in cheaper cigarette packs.

Author: Paul-Louis
Source: BFM TV

Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here