Tax & Accounting Blog

Prize for High Taxes?

Blog June 3, 2014

Yes, there is a prize for high taxes! The Indian State of Rajasthan won a 2014 World No Tobacco Day Award for its 65% VAT on tobacco products. This makes it the highest VAT rate in India for tobacco.

Source: http://timesofindia.indiatimes.com/City/Jaipur/Rajasthan-wins-WHO-award-for-highest-VAT-on-tobacco-products/articleshow/35799261.cms

By Anil Kuruvilla, Senior Manager, Tax Research & Content