• April 18, 2024

Poland to take more money off smokers

Poland’s cabinet has approved a 5 percent increase in excise tax on tobacco products from next year, according to a Market Insider story quoting a budget-related bill for 2014 adopted last week.

Poland is looking to grab PLN247.98 billion in tax receipts in 2014, including PLN115.7 billion from VAT and PLN62.08 billion from excise.