Cigarette Prices Hike Again as Government Enforces Higher Taxes



Cigarette prices soar after the government imposes a higher sales taxes on all Egyptian brands. Eastern Company issued a release yesterday announcing an increase in the selling prices for all of its Winston cigarette brands effective on Thursday, June 23, 2011. The increase is the result of higher sales taxes on cigarettes, in line with Law No. 49 (2011), which stipulates that sales taxes on cigarettes should amount to 50 per cent of the selling price compared to 40 per cent previously. Eastern...