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Budget 2023-24: smokers hit with HK$12 hike a pack but Hong Kong still trails others in region in taxing tobacco Governments 31 per cent tax increase, effective immediately, pushes cost of pack of cigarettes to HK$73.75 Authorities hope to take smoking rate down to 7.8 per cent by 2025 with new measure, government source says Smokers in Hong Kong must pay HK$12 (US$1.53) more for a pack of cigarettes after the finance chief upped the tax on tobacco on Wednesday in a move designed to cut the number of smokers by 100,000 in the next three years and also boost the governments coffers
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