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Source: بوابة الشروق
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Source: بوابة الشروق
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A 12% increase in cigarette price bands will take effect in Egypt on Thursday, November 5, 2026, allowing companies to raise their product prices by up to that amount without moving into a higher tax bracket. The adjustment could allow Eastern Company to sell its products for around 54 pounds per pack within the first price band. However, the head of the Tobacco Division said companies would assess production costs, the exchange rate and the economic slowdown before deciding whether to raise prices. The increase is part of amendments approved by the House of Representatives for a three-year period, while the dollar rose by more than 8% in October to around 56.25 pounds.
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