Belarus may raise cigarette excises 8.7%-10% in H1 2021, 4.56% - 9.25% in H2 2021
<p> MINSK, Oct 30 - PrimePress. Starting Jan 1, 2021, Belarus may raise the rates of the excise tax on cigarettes of all price groups by 8.7%-10% year on year in H1 2021, depending on the price group, while in H2 2021 the rates may grow by another 4.56% - 9.25% compared to the H1 2021 level, in accordance with the bill on amendments to the Tax Code of Belarus. </p> <p> </p> <p> The latest version of document was posted on the web site of the Finance Ministry of Belarus on Oct 22, 2020. </p> <p> </p> <p> Cigarette excises vary depending on the price group and are introduced once and for the whole of the year, with different levels assigned to each half of the year. </p> <p> </p> <p> The price range of Price Group 1 includes cigarettes priced under Br120 ($45.69) per 1,000 units. The rate of the excise tax on Price Group 1 cigarettes may grow by 10% to Br27.39 ($10.43) in H1 2020, and by 4.56% in H2 2021 to Br28.64 ($10.9). </p> <p> </p> <p> The price range of Price Group 2 includes cigarettes priced from Br130 ($45.6) to Br145 ($55.21). The rate of the excise tax on Price Group 2 cigarettes may grow by 9.9% to Br68.98 ($26.26) in H1 and by another 4.65% in H2 to Br72.19 ($27.49). </p> <p> </p> <p> The price range of Price Group 3 includes cigarettes priced higher than Br145 ($55.21). The rate of the excise tax on Price Group 3 cigarettes may grow by 8.7% to Br78.23 ($29.23) in H1 2021 and by another 5.8% to Br82.77 ($31.51). </p> <p> </p> <p> The excise tax on non-filter cigarettes is likely to grow by 10% to Br21.08 ($8.03) in H1 2021 and by another 9.25% to Br22.03 ($8.39) in H2. </p> <p> </p> <p> They plan to raise the excise tax on other kinds of tobacco products by 5.5%. Foer this group of tobaccos they plan to set cigarette excises once and for the whole of the year. </p> <p> </p> <p> The excise tax on cigars shall stand at Br6.53 ($2.48) per unit; cigarillos - Br97.4 ($37.08) per 1,000 units. </p> <p> </p> <p> The excise tax on smoking tobacco and pipe tobacco (per kilogram) may grow to Br101.28 ($38.56); tobacco blends for electronic cigarette systems – 15% Br141 ($53.68) per kilo; the excise tax for hookah tobacco – Br52.75 ($20.08) per kilo. End </p> <p> </p>
2020-10-31
Primepress
Belarus may raise cigarette excises 8.7%-10% in H1 2021, 4.56% - 9.25% in H2 2021
MINSK, Oct 30 - PrimePress. Starting Jan 1, 2021, Belarus may raise the rates of the excise tax on cigarettes of all price groups by 8.7%-10% year on year in H1 2021, depending on the price group, while in H2 2021 the rates may grow by another 4.56% - 9.25% compared to the H1 2021 level, in accordance with the bill on amendments to the Tax Code of Belarus.
The latest version of document was posted on the web site of the Finance Ministry of Belarus on Oct 22, 2020.
Cigarette excises vary depending on the price group and are introduced once and for the whole of the year, with different levels assigned to each half of the year.
The price range of Price Group 1 includes cigarettes priced under Br120 ($45.69) per 1,000 units. The rate of the excise tax on Price Group 1 cigarettes may grow by 10% to Br27.39 ($10.43) in H1 2020, and by 4.56% in H2 2021 to Br28.64 ($10.9).
The price range of Price Group 2 includes cigarettes priced from Br130 ($45.6) to Br145 ($55.21). The rate of the excise tax on Price Group 2 cigarettes may grow by 9.9% to Br68.98 ($26.26) in H1 and by another 4.65% in H2 to Br72.19 ($27.49).
The price range of Price Group 3 includes cigarettes priced higher than Br145 ($55.21). The rate of the excise tax on Price Group 3 cigarettes may grow by 8.7% to Br78.23 ($29.23) in H1 2021 and by another 5.8% to Br82.77 ($31.51).
The excise tax on non-filter cigarettes is likely to grow by 10% to Br21.08 ($8.03) in H1 2021 and by another 9.25% to Br22.03 ($8.39) in H2.
They plan to raise the excise tax on other kinds of tobacco products by 5.5%. Foer this group of tobaccos they plan to set cigarette excises once and for the whole of the year.
The excise tax on cigars shall stand at Br6.53 ($2.48) per unit; cigarillos - Br97.4 ($37.08) per 1,000 units.
The excise tax on smoking tobacco and pipe tobacco (per kilogram) may grow to Br101.28 ($38.56); tobacco blends for electronic cigarette systems – 15% Br141 ($53.68) per kilo; the excise tax for hookah tobacco – Br52.75 ($20.08) per kilo. End