68 billion pounds value of tax and customs revenue on cigarettes and tobacco budget

Accidents

The expected tax revenues from the value added tax on tobacco and local and imported cigarettes amounted to 67 billion and 128 million pounds in the budget of the new fiscal year 2019/2020, and from the customs fees 899 million and 900 thousand pounds, bringing the total taxes and customs expected to be collected on cigarettes and tobacco 68 billion and 27 Million and 900 thousand pounds.

Estimates of the value added tax on tobacco and local cigarettes amounted to 65 billion and 866 million pounds, compared with 56 billion and 950 million pounds in the budget of the current year, an increase of 8 billion and 916 million pounds.

The expected value of taxes on value added on cigarettes and imported tobacco amounted to LE 262 million, compared to LE 1 billion and 621 million pounds in the budget of the current fiscal year, recording a decrease of 359 thousand pounds.

While the expected revenue from customs taxes on cigarettes, tobacco and smoke in the new budget for the Customs Authority 899 million and 900 thousand pounds, compared to 819 million pounds in the balance of the current year 2018/2019, an increase of 80 million and 900 thousand pounds.