President of "Eastern Tobacco": Health Insurance Will Receive 3 Billion Pounds After Rising Cigarette Prices

• Parliament discusses the new tax Sunday
• Oriental Tobacco: Everything will be directed to improve the health of citizens will not affect sales .. Smoke Division: 10% increase to Maasil [19659005] Mohamed Haroun, president of the Eastern Tobacco Company The new increase applied to cigarette prices, with an average of 1.5 pounds, will aim to improve the health of the citizen, explaining that the health insurance will receive 3 billion pounds after the increase in cigarette prices.

Eastern Tobacco Company has decided to increase the prices of cigarettes between 5.8 and 29.4%, to date, in accordance with the provisions of the law on VAT and the law on the system. insurance

This increase is the seventh of the price of cigarettes since the decision to float the pound in November 2017, and before in December 2016 Philip Morris Egypt, the increase in cigarette prices of 2 pounds per pack on all products.

For the "Sunrise", the company will not get any share of the new price hike, pointing out that the high prices of cigarettes will not affect the company's sales in the period to come.

Ibrahim Ibbabi, head of the Smoke Federation of Industries Division Cigarettes on negative sales of cigarettes, is expected to decline in demand from citizens to buy He added that "those who drink two packets drink a box of cigarettes. "Water" and those who drink Marlboro will drink "LM", as he has said.

In an exclusive statement to Al-Shorouq, The price of fertilizer is up to 10%, explaining that the kilo, which is 40 pounds, has become 44, explaining that the new increase is subject to market mechanisms, not increased by law, adding a tax increase of 1% to 2%.

MPs will meet next Sunday, to approve a tax on cigarettes again by moving the slides and raising the fixed fee, from 3.25 to 6.5 pounds, according to the slide. While the variable tax is 50% of the consumer price.

He said that there are 3 segments, and the first slice of "popular" cigarettes from 0 to 18 pounds and the second from 18 pounds to 29 pounds and the third over 29 pounds, pointing to the 39, application In 1965, the House of Representatives adopted an increase in the price of cigarettes to finance the total health insurance of 75 piastres per pack of cigarettes, 20 cigarettes, and increase 25 piastres every 3 years to reach 1, 5 book at the end of the year. Duration:

The first phase of the implementation of a comprehensive health insurance project was launched last Friday, and includes the development of the hospital (19659007) According to the new law, the implementation of the system will take 12 to 13 years, at a cost of 140 billion pounds (about 7 billion dollars), to be experimentally applied in five primary governorates among The government aims to collect 58.5 billion tax books on cigarettes and tobacco during the fiscal year 2018-2019, compared to 54.7 billion pounds in the last fiscal year, of which 51.4 billion were collected the year former.

Eastern smoke accounts for about 70% of the adult cigarette market

Eastern Tobacco announced in January 2017 the price increase of its products due to the application value-added tax, to record the price of the package of Alklopatra about 12 pounds instead of 10.5 pounds, and save the price of the super Instead of 12.5 pounds

In February 2017, Eastern Tobacco announced rising prices for new types of cigarettes, the price of Cleopatra cigarettes rising to 12.75 pounds instead of 12 pounds. Instead of £ 14.5

In March 2017, the price of the Super Cleopatra cigarette pack increased again by about 75 piastres, to save about 13.5 pounds, instead of 12.75 pounds.

In July 2017, the price of the Cleopatra Super Cigarette Pack rose to 14 pounds, instead of 13.5 pounds.

In November 2017, the Eastern Tobacco Company increased Cleopatra King cigarettes from 11.5 pounds to 14 pounds and Cleopatra Queen Soft cigarettes from 12.5 pounds to 14.5 pounds and Mondial cigarettes, Boston and White and Belmont from 12 to 15 pounds.

Egypt consumes 4 billion packets of cigarettes with a total of 80 billion cigarettes, and 50,000 tons a year, worth 75 billion LE.