Business

'Increase tax on tobacco products'

Increase tax on tobacco products
Anti-tobacco platforms on June 23, 2018 demand the government should increased the tax for tobacco products in the proposed national budget for the fiscal 2018-19. Photo: Star/Jamil Mahmud

Anti-tobacco platforms today demanded the government should increase the tax for tobacco products in the proposed national budget for the fiscal 2018-19.

They also demanded the restructuring of the four-level price slab for cigarettes into two levels.   

The proposed tax structure for tobacco products is to protect tobacco businesses, Nadira Kiron, co-convenor of Anti-Tobacco Media Alliance (ATMA) said at press briefing organised by several anti-tobacco organisations  at National Press Club in Dhaka.

 

By keeping the value slabs of cigarettes at four levels, the price and tax of high-priced cigarettes unchanged for three consecutive fiscal years, the government is facilitating the business expansion of the multinational tobacco companies, she alleged.  

The anti-tobacco platforms including Progga, ATMA, National Heart Foundation, National Anti-Tobacco Platform and others at the press briefing also proposed to separately impose a part of the supplementary duty as specific tax on tobacco. 

Their recommendations include:

1. Breaking the four-segment price slabs for cigarettes into just two segments of high and low. Fixing the price of 10 sticks of low segment cigarettes at minimum Tk 50 with a 60% supplementary duty  and the price of 10 sticks of high segment cigarettes at minimum TK 100 with a 65% supplementary duty. And for all cases, slapping a Tk 5 specific tax on every 10 sticks of cigarettes.

2.  Abolishing the filter and non-filter differentiation for Bidi and fixing the price of 30 sticks at minimum Tk 30 with a 45% supplementary duty and Tk 6 specific tax.

3. Slapping 45% supplementary duty instead of 65%  and Tk 10 specific tax for each 10 grammes of smoke free tobacco products.

4. Re-imposing the 25% tax on exporting processed and unprocessed tobacco products and a 10% supplementary duty at local level to discourage tobacco cultivation.

Comments

'Increase tax on tobacco products'

Increase tax on tobacco products
Anti-tobacco platforms on June 23, 2018 demand the government should increased the tax for tobacco products in the proposed national budget for the fiscal 2018-19. Photo: Star/Jamil Mahmud

Anti-tobacco platforms today demanded the government should increase the tax for tobacco products in the proposed national budget for the fiscal 2018-19.

They also demanded the restructuring of the four-level price slab for cigarettes into two levels.   

The proposed tax structure for tobacco products is to protect tobacco businesses, Nadira Kiron, co-convenor of Anti-Tobacco Media Alliance (ATMA) said at press briefing organised by several anti-tobacco organisations  at National Press Club in Dhaka.

 

By keeping the value slabs of cigarettes at four levels, the price and tax of high-priced cigarettes unchanged for three consecutive fiscal years, the government is facilitating the business expansion of the multinational tobacco companies, she alleged.  

The anti-tobacco platforms including Progga, ATMA, National Heart Foundation, National Anti-Tobacco Platform and others at the press briefing also proposed to separately impose a part of the supplementary duty as specific tax on tobacco. 

Their recommendations include:

1. Breaking the four-segment price slabs for cigarettes into just two segments of high and low. Fixing the price of 10 sticks of low segment cigarettes at minimum Tk 50 with a 60% supplementary duty  and the price of 10 sticks of high segment cigarettes at minimum TK 100 with a 65% supplementary duty. And for all cases, slapping a Tk 5 specific tax on every 10 sticks of cigarettes.

2.  Abolishing the filter and non-filter differentiation for Bidi and fixing the price of 30 sticks at minimum Tk 30 with a 45% supplementary duty and Tk 6 specific tax.

3. Slapping 45% supplementary duty instead of 65%  and Tk 10 specific tax for each 10 grammes of smoke free tobacco products.

4. Re-imposing the 25% tax on exporting processed and unprocessed tobacco products and a 10% supplementary duty at local level to discourage tobacco cultivation.

Comments

নির্বাচনী রোডম্যাপের দাবিতে প্রধান উপদেষ্টার সঙ্গে বিএনপির বৈঠক আজ

প্রধান উপদেষ্টার সঙ্গে আজকের বৈঠকে বিএনপি সুনির্দিষ্টভাবে জানতে চাইবে অন্তর্বর্তী সরকার কখন জাতীয় নির্বাচন দিতে চায়।

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