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TUESDAY 13 SEPTEMBER, 2011 | RSS Feed

Brazilian government announced the tobacco tax increase proposal

by USA-Cigarettes.Com | 707 comments


Brazilian government announced the tobacco tax increase proposal to postpone the implementation until 2012

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According to the Brazilian "economic value" report, the Brazilian Ministry of Finance Vice Minister of Economic Policy Barbosa (Nelson Barbosa) 9 said Monday, in order to avoid higher inflation, this should be implemented at this year's tobacco tax proposal will be postponed to early 2012 implementation.

According to plan, Brazil's cigarette tax rate will be increased year by year: 2013 to 12% in 2014 to 13% in 2015 to 10%, the estimated federal tax from the current $ 2.3 billion to $ 4.8 billion in 2015.

The new tobacco tax from next year from the effective date, the average price of cigarettes increased by 20%. In addition to tobacco products tax increase, the government also provides the minimum retail price of a pack of cigarettes, from December 1 this year, played December 31, 2012, every pack of cigarettes a minimum retail price will remain at 3 reais (about combined $ 1.9) in 2013 to 3.5 reais (about 2.2 U.S. dollars) in 2014 to 4 reais (about 2.5 U.S. dollars) in 2015 to 4.5 reais (about 2.8 U.S. dollars).






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