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Increase on Tobacco tax expected

Fri 3rd Dec 2010

It is expected that the Prime Minister will announce an increase taxes applied to tobacco in Spain later today. The Government anticipates that a further 1.2 billion Euros can be gained from the increase, which is expected to be introduced to coincide with the new anti-smoking legislation in the new year.

At the moment the Government takes over 8 billion Euros every year in taxes of cigarettes alone, with a percentage of the revenue being dispersed among the regions who apply the tax.

The Government assert that the tax is a further incentive, claiming that such a financial tax is one more reason to cut down or stop.

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