App
International Edition

Saturday

April 29, 2017

Breaking News, World News and Taiwan News.
About Us
App
Advertise
Contact Us

Government to raise tax on cigarettes by NT$20 per pack

TAIPEI, Taiwan -- The price of cigarettes is set to increase by NT$20 (US$0.6) per pack later this year after the Legislature passed the third and final reading of an amendment to the Tobacco and Alcohol Tax on Friday, with the additional revenue to be earmarked for the country's long-term medical care program.

The amendment raises tax on all types of cigarettes from the current NT$590 per kilogram (1,000 cigarettes) to NT$1,590, which translates into a tax per packet of NT$31.8, up from the current NT$11.8.

The increased will generate NT$23.3 billion in additional tax revenue per year, which will be used to finance the long-term medical care services program that aims to make long-term care more accessible, according to the Finance Ministry.

The policy will also help curb tobacco consumption and promote public health, said Finance Minister Sheu Yu-jer (許虞哲) earlier this year.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
MOST POPULAR OF THIS SECTION
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search