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Tax increases cigarette prices www.news.mn
Earlier this year, the State Great Khural (parliament) decided to raise seven taxes following Mongolia’s enrollment into the IMF’s extended fund facility. Excise taxes on alcoholic products and tobacco have been increased by 10 percent. According to initial reports, the price of pack of 20 cigarettes has increased by MNT 200-1200 since the tax came into effect on 1 January.
Tobacco smoking is the main cause of death that is preventable. A study conducted by the Mongolian Health Ministry in 2017 on tobacco use in the country showed that 61.3 percent of teenagers have smoked once or twice. According to a WHO study, Mongolians spend an average of MNT 100 billion on 3.2 billion cigarettes annually.
Published Date:2018-01-26
