Increase in Taxes on Imported Cigars to the US

The increase could impact the tobacco industry in Estelí, Nicaragua, which generates about 25 thousand direct and indirect jobs.

Wednesday, April 1, 2009

Beginning today, the federal tax on cigars entering the United States is 40 cents.

The secretary of the Estelí Tobacco Association, Leonel Raudez, told La Prensa: "Cigar exports to the US increased by 7% since last year. It is a market where 90% of Nicaragua's production line goes and one of the most important markets within the national exportable supply. The increase in cigar taxes could be felt by mid-year, he warned the industry."

Since the middle of last year, Nicaraguan cigar manufacturers were making efforts through the Tobacco Association to prevent the adoption of the tax that was initially set at $10 per cigar, knowing beforehand the impact it would have on cigar production and export.

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