Minimum retail prices for cigarettes and cigarettes approved

Minimum retail prices for cigarettes and cigarettes will now be approved by order of the Minister of Finance. This was reported in the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan. On November 24, 2021, amendments were made to the Law of the Republic of Kazakhstan “On State Regulation of Production and Circulation of Tobacco Products”, according to which the competence of the Government of the Republic of Kazakhstan to establish minimum retail prices for filtered cigarettes, non-filtered cigarettes, cigarettes was transferred to the level of the authorized body, i.e. the Ministry of Finance. In this connection, as part of bringing it into line with the Law, the order of the Minister of Finance of the Republic of Kazakhstan dated February 22, 2022 “On the establishment of minimum retail prices for cigarettes with a filter, without a filter, cigarettes” approved the minimum retail prices for 20 cigarettes with a filter, without filters, cigarettes in size: - five hundred and fifty tenge from March 1, 2022 to June 30, 2022 inclusive; - five hundred seventy tenge from July 1, 2022 to December 31, 2022 inclusive; - six hundred tenge from January 1, 2023. The implementation of prudent tax and pricing policies for tobacco products contributes to the achievement of health goals aimed at reducing the distribution and use of tobacco and tobacco smoking.