From January 1, a higher excise tax is 2022 on alcohol and cigarettes. This may translate into an increase in the prices of these products. The government calculations show that for a bottle of vodka it costs about PLN 1.50, and a packet of cigarettes – about PLN 0.30. Only in 2022, due to the increase in excise duty, additional PLN 2 billion will be transferred to the state treasury.
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It is about the act amending the excise duty act, which entered into force on January 1, 2022.
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Excise duty on alcohol and cigarettes
According to the records, since Saturday, excise duty rates on ethyl alcohol, beer, wine, fermented beverages and intermediate products have increased by 10 percent, and the minimum excise duty on cigarettes has increased from the current 100 percent to 105 percent of the total amount of excise duty, calculated on the weighted average price retail selling price of cigarettes.
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The legislation introduced a minimum tax rate for smoking tobacco equal to 100 percent of the total excise duty, charged on a price equal to the weighted average retail selling price of smoking tobacco. The excise duty rate on the so-called innovative products was raised by increasing the quota rate by 100 percent.
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The authors of the bill in the justification indicated that “an increase in excise tax rates will mean an increase in prices”. The government calculations show that if the fiscal burden is passed on to consumers, the likely price increase will be: in the case of a bottle of vodka, 40 percent. – about PLN 1.50; dry wine bottles (0.75l) – approx. 16 groszy; a half-liter can of beer – approx. 6 groszy; packets of cigarettes – approx. 30 groszy.
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Forecasted prices after increases in excise duty rates (justification for the draft)Sejm RP
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Road map of excise tax increases – 100 billion in 10 years
The act proposes to introduce a schedule of excise tax increases in the years 2023-2027 for: ethyl alcohol, beer, wine, fermented beverages and intermediate products every year by 5 percent; cigarettes, tobacco for smoking cigars and cigarillos and innovative products, and raw tobacco by increasing the quota rate every year by 10 percent.
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According to the regulatory impact assessment, the government assumes that in 2022, thanks to the increase, an additional PLN 2 billion will be allocated to the state budget. In turn, in the first five years of the new regulations being in force, the state credit union will be credited with PLN 33 billion, and within 10 years – PLN 103 billion.
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In 2023, additional revenues to the state budget are to amount to almost PLN 4.5 billion, in 2024 – almost PLN 6.7 billion, in 2025 – about PLN 9 billion, 2026 – PLN 11.4 billion. In turn, from 2027, the state budget is to receive an additional PLN 14 billion annually.
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photo-source">Main photo source: Shutterstock
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