2023-11-15 21:36:00
11:36 PM Wednesday, November 15, 2023
Books – Muhammad Abu Bakr:
Ibrahim Mbabi, head of the Tobacco and Cigarettes Division, said that there is a problem with cigarettes, caused by many people, indicating that the distance between him and all companies is the same, but the company that makes a mistake, I stand watching for it.
Embabi added, during the “Under the Sun” program, broadcast on “Al-Shams” channel, that last March, the Minister of Finance presented a 23/24 budget to the House of Representatives, and asked him to come from this sector with 88 billion pounds, commenting: “It is assumed that every person He asks himself: How much did he bring in the budget for 22? 81 billion, so there is a difference of 7 billion.
The head of the Tobacco Division explained that this difference could not come about in conditions of low production and high requirements except with a decrease in tax, and I spoke as an official because I am the link.
He continued: “I said to the Minister of Finance, ‘You want 7 billion, right?’ And he said exactly, and we sat in more than one meeting, and I learned from him, and we said that the tax legislation must be amended, and the tax legislation is that cigarettes have 3 levels, a lower level, a middle level, and a higher level.”
Embabi continued: “The lowest level was from one pound to 24, the middle was from 24 to 35, and the highest was from 35 while you were rising, and we said why wouldn’t it work, because I wanted to protect the companies, and we said we would expand the tranches as a result of the dollar prices, and we made the first tranche from one pound to 31 pounds.” We made the second tranche range from 31 to 45 pounds, and cigarettes are taxed at 50% of the package’s selling price to the state.”
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