CAIRO: President Abdel Fatah al-Sisi issued a presidential decree imposing taxes on local and imported cigarettes and alcoholic beverages.
The presidential decree will be applied Monday. Sisi’s decree cancels a law, passed by his predecessor ousted president Mohamed Morsi in December 2012, which imposed taxes on 53 commodities. However, Sisi’s decision excluded taxes on cigarettes and alcoholics.
The decision was published Sunday in the official newspaper, Al-Waqa’i`a al-Masriya, and will applied on Monday.
Regarding locally produced cigarettes, which are packed by the Eastern Company for Tobacco, the law stipulates that any cigarette box priced less than 9 EGP, will increase by 175 piasters; while 225 piasters will be imposed on any cigarette box priced between 9 to 15 EGP. As for cigarette boxes priced at more than 15 EGP, the taxed increase will be 275 piasters.
According to the law, the tax on imported cigarettes will raise its prices by 50 percent while adding the value of the previously taxed increase.
As for alcoholics, the tax on beer will be raised from 100 to 200 percent with a minimum increase of 400 EGP per 100 liters. Taxes on wine will be increased from 100 to 150 percent.