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Tobacco companies believe that the Government wants to raise a tax to 75% and warn that it will impact the price of cigarettes

2024-01-30T21:18:57.036Z

Highlights: Tobacco companies believe that the Government wants to raise a tax to 75% and warn that it will impact the price of cigarettes. This was expressed by three chambers of the sector and they refer to internal taxes that, initially, were going to increase to 73% but new versions emerged. This modification is proposed in the so-called Omnibus Law and if approved, they warn that if approved it will have a direct impact in consumers. The final text of the law will begin to take effect. to be discussed tomorrow.


This was expressed by three chambers of the sector and they refer to internal taxes that, initially, were going to increase to 73% but new versions emerged. This modification is proposed in the so-called Omnibus Law and if approved, they warn that it will have a direct impact in consumers.


The Omnibus Law continues to add voices for and against its content and this time it is

the tobacco companies

that warn that if approved in the National Congress there will be a

direct impact on prices

due to the increase in internal taxes which, they presume,

could be greater than specified

.

The Argentine National Chambers of Tobacco Companies, the Chamber of the Tobacco Industry (CIT) and the Chamber of Tobacco Distributors of the Argentine Republic (CDT) are in a situation of

alert and expectation regarding the final text

of the law that will begin to take effect. to be discussed tomorrow in the Legislative Palace.

According to the tobacco companies,

the Omnibus Law deepens the tax increase for the sector, from 70% to 75%

, which will be quickly reflected in consumer prices.

The chambers denounced this Tuesday that "in

a decision without consultation and little analysis,

the National Government has decided to deepen the

increase in the rate of internal taxes, taking it to 75%."

News in development.

D.S.

Source: clarin

All business articles on 2024-01-30

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