Home / China

Cigarette tax rises to 11 percent

By Zheng Yangpeng | China Daily | Updated: 2015-05-09 08:31

Experts doubt increase will deter smokers or affect retail pricing

China raised the consumption tax on cigarettes on Friday, but experts expect the effort to deter smoker may be muted in the world's largest maker and consumer of cigarettes, given the moderate rate increase.

The Ministry of Finance announced an increase in the consumption tax on wholesale cigarettes from 5 percent to 11 percent. Cigarettes will also be taxed an additional 0.005 yuan each, the ministry said, adding that the changes will take effect on Sunday. World No Tobacco Day falls on May 31.

Cigarette tax rises to 11 percent

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349