Costs of recent cigarettes after worth added tax improve in Egypt

On Monday, November 6, 2023, President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, ratified Legislation No. 177 of 2023, amending sure provisions of the Worth Added Tax Legislation promulgated by the Legislation No. 67 of 2016.

Improve the mounted tax on cigarettes by 50 piastres

The adjustments included a rise within the mounted worth added tax on cigarette merchandise by 50 piastres for all three segments, to develop into as follows:

  • 450 piastres per pack of cigarettes produced by native factories whose sale worth to the ultimate client doesn’t exceed 31 kilos (as a substitute of 24 kilos).
  • 7 kilos per package deal of things whose sale worth exceeds 31 to 45 kilos (as a substitute of 24 to 35 kilos), or imported whose worth doesn’t exceed 45 kilos (as a substitute of 35 kilos).
  • 7.5 kilos per pack of native and imported cigarettes whose retail worth to the buyer exceeds 45 kilos (as a substitute of 35 kilos).

This regulation comes after being permitted by the Home of Representatives throughout its plenary session held final Thursday and revealed immediately within the Official Journal. The regulation will come into power after its publication within the Official Journal.