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Cigarettes Will Become Significantly More Expensive from January

Hungary Today 2023.06.07.

Finance Minister Mihály Varga presented next year’s tax plans on Tuesday, revealing that excise duties on tobacco and alcohol products will be raised from January. The price of a pack could rise by up to 250 forints -reported Mandiner.hu.

This means a pack of cigarettes will be roughly 200-250 forints more expensive from January 1. For example, a pack that today costs HUF 2,050 will then cost 2,250-2300 forints ( EUR 6.25) after the increase, mfor.hu reports.

According to the ministry, the tax increase is necessary for tobacco products and fuel because the EU minimum tax is set in euros.

Statistic: Retail price of a pack of 20 cigarettes in European Union countries in 2022 (in euros) | Statista
Find more statistics at Statista.

Hungary is in the top half of the range of the retail price of a pack of cigarettes, according to Statista.com, the most expensive EU country in which to purchase cigarettes being Ireland, with a pack of 20 cigarettes retailing at 13.43 euros last year, the least expensive being Bulgaria, with a pack costing 2.77 euros.

 

Smoking to Get Significantly More Expensive
Smoking to Get Significantly More Expensive

There are indications that the tax burden will be increased for cigarettes.Continue reading

Via Mandiner.hu; Photo: Pixabay.com


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