The Executive Secretary of the Georgian Dream, announced the party’s plans to increase excise tax on tobacco and heated tobacco products. Mamuka Mdinaradze noted the increased tax would be set at GEL 0.15 for heated tobacco products and GEL 0.20 for tobacco products. As he added, the amendments would be introduced to the country’s tax code.

“We made a decision to introduce a change in the tax code, to increase the price of the excise tax on cigarettes and IQOS, which will be 15 tetris in the case of IQOS, and 20 tetris in the case of cigarettes.

It is also very important that the profit tax on the organizers of the games increases by 5%. Just as banks have tax regulations regarding profits, the same will apply to gaming business, online casinos.

According to the Estonian model, this business was exempted from such tax. Certain risks should be reduced, especially with regard to youth. The other kind of solution did not give us the result we expected. Also, from the point of view of raising budgetary funds, this is a very important change”, - explained Mamuka Mdinaradze.