Parliament of Montenegro debates over the increase of duty tax on tobacco

Parliament of Montenegro debates over the increase of duty tax on tobacco

Podgorica, July 30, 2013

Parliament in Montenegro has held a long debate on Tuesday over the changes in the bill on duty tax on day to day consumption products. The debate took place over the increase of duty tax on tobacco from 30 to 35 Euro cent for a pack of cigarettes.

Currently, the price of a pack of 20 cigarettes in Montenegro starts from 1.1 to 1.5 Euros for domestic cigarettes, 1.7 Euros for international brands and 2.4 to 2.7 Euros for known international brands.

Meanwhile, according to the bill, from January 1, 2015, coffee will be taken off the list of produces on which duty tax is applied.

The new changes on the bill propose for farming producers to be refunded with their excise paid when purchasing fuel.

The Minister of Finance, Radoje Zugic (photo) has explained that these changes on the bill aim to better regulate the market of production, processing and sale of tobacco.

Mr. Zugic considered the incentives that relate to the refund of excise on agricultural produces as positive measures. /ibna/