TNBiz (TNBiz)
Markets  |  September 19, 2012 18:25:06

MEPs agree with the amendment of the Law on excise taxes, raise the price of cigarettes and tobacco


PRAGUE (MEDIAFAX) - Excise duty on cigarettes are expected to increase in the next two years by 15 cents per unit, increase the tax cigars and also significantly increase the tax on tobacco and smoking. Envisages amendment to the Excise Tax Act, which passed on Wednesday in the Chamber of Deputies to the third reading.

"It's more or less technical amendment, which partially implements the European Directive on excise duty," said Standard earlier its rapporteur Radim Fiala (ODS).

Finance Minister Miroslav Kalousek (TOP 09), this amendment is necessary and the Czech Republic is obliged to accept it.

"In 2013, the price of a pack of cigarettes should rise by about two crowns, and in 2014 a further two crowns," calculated after discussing standards of government Prime Minister Petr Necas (ODS), with the state budget to bring a change of 1.7 billion crowns .

Minimum heat from one cigarette excise to 2.10 crowns this year, next year will be 2.16 crown and in 2014 even two crowns and 25 cents. For cigars and cigarillos increases the tax burden over two years to five cents a piece. Tobacco excise duty to raise the price of this year's 1,400 crowns per kilogram to 1,620 crowns next year and up to 1800 crowns in 2014.

"Changing the excise tax rates on cigarettes is designed to January 1, 2014 to achieve the minimum rates of excise duty (European) directive," said the Ministry of Finance as the submitter standards.

The amendment also includes changes resulting from the experience of the tax. Treatment also proposes to allow, in certain cases, use of collateral for the payment of tax arrears of all taxes."The amendment is also clearly defined the relationship between the security tax law on excise taxes and hedging instruments of the Tax Code," the ministry said.

Powers of the taxes need to be redesigned to reflect the tax law and so avoid any duplication or narrowing of the tax authority.
For mineral oil standard introduces refund if these oils used for mineralogical and metallurgical processes. Refined be also refund the other so-called petrol.

In the area of ??tobacco products, the law should allow the customer to ask the customs office responsible for the reduction of tobacco settlement value stamps in their collection or to reduce tobacco tax stamps to obtain the value of their collection.The standard specifies the conditions and the manner in which the customer may ask for such a reduction, and the amount of the reduction provided for payment or collateral.

The amendment provides for the concept of legal regulation of administrative offenses in order to be clearer. Editing divides administrative offenses to offenses of individuals and administrative offenses of legal or natural persons conducting business.

Material Act also regulates the Customs Administration of the Czech Republic in connection with the adjustment of powers to check mail and by some other technical modifications.

The amendment is to begin working, except for selected provisions from 1 January 2013.

Jan Soukup, soukupj@mediafax.cz

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