{"id":597040,"date":"2019-07-15T04:18:59","date_gmt":"2019-07-15T04:18:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/cigarette-prices-in-egypt-could-rise-in-october-on-the-back-of-a-tax-increase\/"},"modified":"2019-07-15T04:18:59","modified_gmt":"2019-07-15T04:18:59","slug":"cigarette-prices-in-egypt-could-rise-in-october-on-the-back-of-a-tax-increase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/cigarette-prices-in-egypt-could-rise-in-october-on-the-back-of-a-tax-increase\/","title":{"rendered":"Cigarette prices in Egypt could rise in October on the back of a tax increase"},"content":{"rendered":"

<\/a> EXCLUSIVE- Cigarette prices could rise in October on the back of a sin tax increase: <\/b>The prices of cigarettes may climb in October after a Finance Ministry committee finalized a draft proposal which would raise the ceiling on the taxable price brackets and tack on an additional EGP 0.5 to the tax rate on the top two brackets, two government sources told Enterprise. The raised ceiling will allow tobacco companies to increase prices without their brands moving into a higher bracket, thereby allowing more room to raise prices before being subjected to a higher tax rate. The cabinet economic group has approved the amendments, the sources told us. Changes to the ceilings will be as follows:<\/p>\n