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Bill drafted for procedure to establish minimum selling price for e-cigs…

Russia: The government has drafted a bill that would establish a procedure for determining the minimum selling price of nicotine-containing and nicotine-free e-cigarettes. According to the proposal, the formula of calculation is: Minimum price = excise duty rate per unit of mass or volume × (1 + VAT rate) × increasing coefficient. The increasing coefficient reflects the cost of production or » Continue Reading.
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