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Cigarette Tax Revenues Witness 42% Growth
Cigarette Tax Revenues Witness 42% Growth
Wednesday, September 12, 2018

Cigarette Tax Revenues Witness 42% Growth

Wednesday, September 12, 2018

Cigarette Tax Revenues Witness 42% Growth

The government earned 2.5 trillion rials ($20.66 million) from cigarette tax in the first four months of the current fiscal year (March 21-July 22). The figure indicates a rise of 42.9% compared with the same period of last year, the latest data released by the Central Bank of Iran showed. Revenues from cigarette tax, which is a subcategory of tax on goods and services of indirect taxes, were estimated to hover around 1.8 trillion rials ($14.87 million) in the four-month period as per the budget law. Projection for the whole year is at 5.3 trillion rials ($43.8 million). Iranians consume close to 55 billion cigarettes per year.

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09/12/2018
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