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JTI Romania's state budget contribution at almost 1 bln euros in 2020

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Cigarette manufacturer JTI paid last year to the Romanian state budget over 4.77 billion lei (almost one billion euros) in excises, VAT and other taxes and contributions, a figure 12 percent higher compared to 2019, the company said in a release.

In a time of unprecedented crisis, JTI continues to be a reliable partner. Our company is in the category of major taxpayers, and from now on we can say that we have joined the club of billionaires. Taxes to the budget account for 78 percent of JTI's turnover, as cigarettes are the heaviest taxed products in Romania. A normal development of…

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