Czech Lawmakers Pass Higher Tobacco Taxes to Boost State Income
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Czech lawmakers approved a government proposal to raise taxes on cigarettes and tobacco products as of January 2012 to boost state budget revenue, the lower house of parliament said today on its website.
The Prague-based Finance Ministry, which drafted the law amendment required to comply with European Union legislation, estimates the higher taxes to bring about 2.4 billion koruna ($136 million) in additional state-budget revenue in 2012. The taxes should rise again in 2014 to bring them in line with EU laws, the ministry said in an e-mailed statement.