Policy Brief - Excise Tax Increase on Cigarettes: - A Laudable Policy that Needs to be Sustained

SPDC Policy Brief 2 Cigarette Affordability - The Track and Trace (T&T) system for electronic Cigarette affordability, also known as the relative monitoring of cigarette production is already in income price ratio, is the percentage of per capita GDP place, which involves the affixation of tax stamps required to purchase 2000 cigarettes. [...] The production general pattern in the market that the prices of declared by the industry in the months preceding the illicit cigarettes track with the trend of licit budget is significantly higher than the production cigarette prices. [...] Altogether, Although a continuation of the front-loading practices 12.8 per cent of smokers attempted either quitting or at the level of the historical trend is less likely due to seriously thought about quitting after the price the T&T system, the possibility of manipulating the increase. [...] As shown in Figure 7, the reported production for the first seven Therefore, given the responsiveness of smokers to months of 2022-23 indicates more fluctuations as cigarette prices, it is likely that the current tax reform compared to the trend of the past two years. [...] This situation creates The Way Forward uncertainty about the production pattern for the next The excise tax rate enhancement during the current few months, particularly because the major tax hike fiscal year is a laudable step in the right direction.