According to Executive Branch’s Decree 626/2016 and under article 15 of amended Law 24,674, the excise tax rate on cigarettes has been changed from 60% to 75%. Again, new Executive Branch’s Decree 15/2017 regarding excise tax on cigarettes has been published in the official gazette on 5th January 2017. This new decree prolongs its validity time period for that 75% excise rate to 31st December 2017 from 1st January 2017. The measure came into force on its publication day and applies from 1st January 2017.
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