Tag Archives | excise duty

Iran to impose Iron Ore Export Duty

By John Lee. Iran reportedly plans to impose a 10-percent export duty on non-concentrated iron ore from the beginning of the next Iranian year (March 21, 2018). Jafar Sargheini, a deputy at the Ministry of Mines and Industry, is quoted as saying that the duty will also be increased from 10 percent to 15 percent […]

“Retrospective Application of an Increase in Excise” hits BAT

By John Lee. In its full-year results, British American Tobacco (BAT) has announced that its volume and profit in Iraq were lower due to the retrospective application of an increase in excise. The company makes and sells cigarette brands including Kent, Dunhill, Pall Mall, and Rothmans. (Source: British American Tobacco)

Increase Tariffs hit BAT Iran Profits

By John Lee. In its latest Half-Year Report, British American Tobacco (BAT) has said that sales volume has increased in Iran for the first six months of the year, but profit fell due to an increase in excise duty. The company makes and sells cigarette brands including Kent, Dunhill, Pall Mall, and Rothmans. (Source: British […]