Finance Ministry to revise tobacco excise

The Finance Ministry is considering introducing a mechanism of parallel chan ges in the excise duty for cigarettes both in percentage and quota terms, an d according to Puls Biznesu, work on the amendment to the bill is coming to a close. According to sources, the proposed maximum percentage rate, at pres ent fixed at 25%, should grow to 40%. In the meantime, the quota rate per 10 00 cigarettes would be decreased from zł. 57 to an unknown level. The minist er would change the percentage rate every year and, according to some produc ers, this would cause market instability and consequently reduce budget reve nues. (Puls Biznesu, p. 10) M.M.