Israel’s finance minister has approved a tax increase on tobacco products effective from midnight Sunday until Monday. The resolution, which aims to promote smoking cessation and a healthy lifestyle, was approved by the Knesset Finance Committee.
The new tax rate means higher taxes on the purchase of many tobacco products. For example, cigarettes will increase from a minimum price of 270% plus 444.03 shekels ($122) per 1,000 cigarettes to a minimum price of 270% plus 524.50 shekels ($145) per 1,000 cigarettes. Similarly, the tax on cigarettes will increase from a minimum of 270% plus 634.34 shekels ($175) per kilogram to a minimum of 270% plus 749.29 shekels ($205) per kilogram.
In addition, the tax on e-cigarettes and the price of e-cigarettes will also increase by a minimum of 145%, plus an increase of 4.80 shekels ($1.32) per milliliter. 5.66 shekels per milliliter. hand ($1.56). Additionally, starting July 1, the e-cigarette tax will increase to a minimum of 270%, adding 10.49 shekels ($2.9) per milliliter.
In addition, the purchase tax on unprocessed cigarettes, cigarettes, other e-cigarettes and electronic cigarette products will also be increased. Tobacco used in cigarettes and tobacco stocks are taxed at 113.39 shekels ($32) per kilogram. The day before the law came into force, tobacco and tobacco products would be subject to a tax of 5 percent of the customer price, excluding VAT. E-cigarettes and liquid products used to fill e-cigarettes will be taxed at 0.84 shekels per milliliter.
