No Cigarette Tax Hike Next Year

Cigarette tax will remain unchanged as approved by Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill proposed by the government before its final ratification. The previous version of the next fiscal budget bill (March 2018-19) opted for a 350-rial (0.76 cents) increase in the duty for retail prices of locally and jointly produced Iranian cigarettes and a rise of 500 rials (1 cent) in retail duty of imported cigarettes, ISNA reported.