50% of Tobacco Tax for Health

50% of Tobacco Tax for Health50% of Tobacco Tax for Health

Fifty percent of tobacco tax will be allocated to the health sector in the next fiscal year that begins on March 21, said deputy health minister for legal affairs in parliament. “Also, 30% of the amount will go towards the sports sector and the remaining 20% for the health education department,” said Taher Moohebati, at a press meet on Thursday, ISNA reported. As per the sixth five-year development plan (2016-21), the tax rate on locally-produced tobacco and cigarettes is set at 10%. The rate stands at 20% for local brands jointly produced with foreign manufacturers, 25% for domestically produced cigarettes with foreign brand names, and 40% for imported cigarettes and tobacco.

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