Increasing cigarette prices has become a popular topic of interest to consumers in Egypt after the House of Representatives approved an amendment to the value-added law, where taxes on cigarettes and alcohol were raised to support the public budget, with a mechanism to gradually increase the prices of these products by 12% every year until 2028, allowing companies to adjust the prices of their products according to these amendments. Cigarette prices increase: new decisions allow raising prices Ibrahim Imbaby, head of the Tobacco Division of the Federation of Industries, announced the new amendments that include raising the maximum prices of each tax bracket, as the first bracket reached EGP ... [Read more]