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Tag: MPs demand two tire cigarette price and increasing tobacco taxes

MPs demand two tire cigarette price and increasing tobacco taxes

MPs demand two tire cigarette price and increasing tobacco taxes

Breaking News, National
Members of parliament demanded the introduction of a specific tax system instead of ad-valorem and increase in prices of all tobacco products, reduction of the existing price tire of cigarettes from 4 to 2 and increase in taxes and prices of low tire cigarettes to protect public health. These issues came up during a discussion on 'Increasing tax on tobacco products in the national budget for the fiscal year 2022-23' at a virtual discussion meeting of the 'Bangladesh Parliamentary Forum for Health and Wellbeing' on Thursday, 24th February 2022. In the meeting, Aparajita Haque MP said, 'The current tax structure on tobacco products is very complex. There is not much profit due to the ad-valorem tax system and 4 price tires of cigarettes. We need to come up with a specific tax system. ...