Hong Kong smokers to escape proposed tax hike in budget
The tax on tobacco will not rise in the upcoming budget despite a campaign to double the duty on cigarettes in a bid to get more Hongkongers to kick the habit.
A person familiar with the situation said Financial Secretary John Tsang Chun-wah would hold fire on any increase this year because the government was still studying the impact of his decision to raise tax by 20 cents a cigarette in last year’s budget.
“It is quite rare for the government to raise the duty in two consecutive years but we won’t rule out the possibility of further increases in future,” the person said.
http://www.scmp.com/news/hong-kong/article/1703788/smokers-escape-tax-hit-budget
Related Posts
Report: Sales of Counterfeit Reproductions Set to Increase Worldwide
A new report predicts a rise in counterfeiting and pirated goods over the next...
Operation smokes out illegal tobacco
TRADING standards seized more than £4,000 worth of illegal tobacco in a raid on...
Oman launches programme for identifying fake mobile devices
Consumers in Oman who are buying a mobile phone can now make sure if the product...
Mumbai: DRI Seizes Foreign Cigarettes Worth Rs 24 Cr; 5 Persons Arrested
The Directorate of Revenue Intelligence, Mumbai, has seized 1.2 crore sticks of...



