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Can a wholesaler remit OTP tax by calculating the OTP tax of the selling price rather than the OTP tax of the cost?

No. the tax rate is calculated on the wholesale price. The wholesale price is defined as “the price for which a wholesaler buys other tobacco products”. The tax must be calculated on the cost of the OTP sold during the report month. Tax rates are as follows:

  • Premium Cigars at 15%
  • Non-Premium Cigars at 70%
  • Other OTP at 30%

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