Podgorica, (MINA-BUSINESS) – The excise duty on still wines and the specific excise duty on cigarettes has been increased.

The specific excise duty on cigarettes has risen from €52 to €53.5 per thousand cigarettes, while the proportional excise remains the same, at 24.5 percent of the retail price of cigarettes.

The increased excise duty comes into effect today, but distributors will raise retail prices after the holidays.

As a result, the price of a pack of cigarettes will increase by ten cents in the coming days.

According to a press release issued by the Customs Administration, the latest amendments to the Excise Law have increased the excise duty on still wines. Instead of a zero excise duty, a new excise duty of €25 per hectoliter of still wine has been introduced.