All EOS blogs All Spain blogs  Start your own blog Start your own blog 

Spanish Business News

The latest business, economic,property, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market, the economic crisis, the euro zone debt sovereign debt crisis and the Spanish property market.

Cigarette Price Rise In Spain New tobacco tax and tougher anti-smoking law 2010
14 December 2010 @ 14:35

The measure was expected to bring €780 million to state coffers in 2011.


Cigarette Price Rise In Spain New tobacco tax and tougher anti-smoking law 2010

The Spanish government recently announced that it was raising a tobacco tax to rise Cigarette Price, in yet another step to stem market concern over the country’s economic stability.

It would allow the government to compensate for an estimated loss of €230 million caused by tax cuts for small and medium-sized companies, Economy Minister Elena Salgado was quoted as saying by the press. The higher tobacco tax would also be in line with Spain’s new and tougher anti-smoking law, the minister said.

Fortuna and Nobel brands now cost 3.75 euros for 20 and Ducados have gone up to 3.85 euros and Marlboro has gone up 40 cents to 4.25 euros a packet and Chesterfield 3.95 euros and L&M have risen to 3.65 euros

The law will ban smoking in practically all closed public places from the beginning of next year. Spanish Prime Minister Jose Luis Rodriguez Zapatero week before last announced the tax cuts for small and medium-sized companies, as well as other measures to boost growth and to cut spending.

The measures included placing Madrid and Barcelona airports under private management, privatizing 30% of the state-owned lottery company, and slashing subsidies to the long-term unemployed. The measures were approved by the government on 3 December.

Zapatero had cancelled his attendance at an Ibero-American summit in Argentina to be present at the cabinet meeting, reflecting his concern over Spain’s economic situation. Spain’s unemployment stands at about 20%, the highest in the European Union.

Another big worry for the government is the 11.1% budget deficit, which it intends to cut to 6% in 2011.

Spain had earlier announced spending cuts worth tens of billions of euro, including cuts in public sector salaries, public investment and social spending, along with tax hikes and a pension freeze.

Source: Barcelona Reporter

Like 0


nige b said:
14 December 2010 @ 20:08

thats the end the tourism and airline industries then .
we go for cheap fags, thats it.!

Lou O said:
15 December 2010 @ 00:17

I flew out to Malaga on 9th December where i bought myself 10x50g Amber leaf. Which on the day cost 44 euros. I went back to Malaga 4 days later to find they had gone upto 63 euros. I think its time i stop buying from Spain. Its just not worth the trip anymore.

babs 34 said:
16 December 2010 @ 16:07

all short off season breaks will cease as the savings made on tobacco products is minimum, with the end of spanish government free pensioner holidays and tobaco tourists the spanish government has regressed to pre package holiday days

Brian said:
19 December 2010 @ 19:45

The best news is stopping the smoking in closed public places, we are choaked to death in the clubs and Spanish bars, and if you smoke on the beach you have to take your fag ends away with you or it's a big fine. Fantastic news

Pete said:
13 January 2011 @ 20:07

Spain has been our destination for freedom of choice and being able to smoke with a cup of coffee (or a beer) for the last few years.
No more trips to Spain now though.
What about Belgium anyone?

angeleyes67 said:
21 January 2011 @ 20:53

i think that it totally ridculous for th prices to soar so high spain will really suffer now as most of the people who go there are the ciggy runners. i go for my other half but it is not worth it anymore as not saving nothing may as well get it here..... well it will be belgium for me nxt i think as they havent gone up there as yet but have been told that luxemburgh is the best place by far to go get baccy n cigs

gary b said:
17 February 2011 @ 13:02

is it the spanish gov putting tobacco up or are the eu making them do it,to come in line with other gov's prices to stop so called tobacco smuggling?

colin 1947 said:
20 February 2011 @ 17:27

it was bound to happen sooner or later since the very point of the e.u. is to bring all member states economies and tax regimes into line. belgium and/or luxemburg will be next.

lvd400 said:
03 March 2011 @ 07:36

dont even think of going to belgium,if you do customs want to know how much fags and baccy you got ,are you working ,where you stayed ,how much did you pay for the trip,cost of hotel room,when over last ,what you had when over last,all british cars go in inspection chamber ,foriegners just waved through,all brits are treated like we all are smugglers now ,you got no chance ,disabled are checked up on ,this is why the shuttle runs back and forth empty,ps eurotunnel customs are the worst of all you have no chance ,ships customs are a bit more leniant.its less bother to pay 13 quid for it in asdas .

b1321 said:
05 April 2011 @ 15:58

best to go to belguim on coach trip rather than taking car i do this every 6 months, sometimes coach gets searched but not very often.... not happened while i been on it as long as you bring correct amount back no questions asked...... coach from portsmouth via eurotunnel is about £30 so well worth it

sick of ripoff britain said:
12 July 2011 @ 12:01

all getting out of other countries starting to ripof like uk.greed on top of greed.all prices same one day.

Only registered users can comment on this blog post. Please Sign In or Register now.


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x