Jordanian tobacco firms move to fight cigarette smuggling
Complex Made Simple

Jordanian tobacco firms move to fight cigarette smuggling

Jordanian tobacco firms move to fight cigarette smuggling

Tobacco manufacturers in Jordan have informed the Income and Sales Tax Department that they plan to reduce the prices of cigarettes by around 15%, in a bid to compete with smuggled cigarettes, Jordan Times has reported. There are seven tobacco manufacturing firms in the kingdom, which have been complaining that smuggled cigarettes threaten their businesses. Over the past few years, the government has raised taxes on cigarettes several times, which encouraged smuggling of the product, the companies said. Currently, the tax rate on local cigarettes is around 75% of the value of the product.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved