There are to be no increases in the retail prices of cigarettes, according to Egyptian Tax Authority head Mamdouh Omar. He added that manufacturing and import companies for the goods will be responsible for setting the selling price and informing the tax authority to determine the requisite taxes, amounting to 50% of the selling price in addition to EGP 1.25 for each pack.
The remarks follow Minister of Finance Ahmed Galal’s Monday statement announcing the selling prices of domestic and imported cigarettes.
Omar said that authority had recently noticed increases in the cigarettes selling prices, which manufacturing and import companies aware of, which ranged between EGP 0.5 and EGP 2 per pack.
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