Retailers urged to comply with beer, cigarette tax laws

National, Normal

The National,Thursday 22nd December 2011

AUTONOMOUS Bougainville Government minister for Finance and Treasury Albert Punghau says businesses should comply with the government-approved cigarette and beer tax law.
He said the requirement for wholesalers to pay cigarette tax to the Bougainville government would boost its current revenue of K9 million.
He said the ABG was receiving cigarette tax from JOMIK Trading at about K250,000 in one month alone.
K3 million is collected from cigarette tax alone per year from a trader.
Punghau said the revenue would greatly assist the Bougainville government meet the costs of delivering goods and services to the people.
He said unlike the beer sales tax, every cigarette purchased at wholesale price from manufacturer British American Tobacco, it deducts a tax of 20 toea per cigarette which was paid to the government.