Experts urge 55% tax hike on cigarette in upcoming budget

enewspolar.com · 2 days ago

Experts are urging a 55% hike in cigarette excise duty in the upcoming budget, alongside annual tax increases on all tobacco products, to boost government revenue by Rs. 11-12 billion and reduce consumption. They recommend simplifying the tax structure and moving towards a uniform specific excise tax system. The NDRI also suggests expanding the tax base to include sugary drinks and implementing licensing for tobacco retailers.