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 Spain to up the tax on tobacco

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Join date : 2010-05-28
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Location : Alcudia

PostSubject: Spain to up the tax on tobacco   Fri Dec 03, 2010 8:14 pm

The increase is expected with new anti-smoking legislation in the New Year

The Prime Minister is to announce a new increase in the special tax placed on tobacco in Spain today, Friday. The cabinet intends to collect an additional 1.2 billion € with the increase which is expected to be enforced at the same time as the new anti-smoking legislation at the start of next year.

Currently the State collects some 8 billion € a year from cigarettes alone, before part of that is shared out among the regions which participate in the tax.

In theory the tax is justified from a health perspective, claiming that it contributes to reducing smoking, especially among the young.


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