Finance Minister Chambers has expressed hope to reveal details of a vape tax in the upcoming Budget, set for unveiling on Tuesday, as budget talks continue into the weekend. The Budget 2025 will also include a 1pc cut to USC and a €250 energy credit.
Read moreTag Archive for: vaping tax
The Standing Committee of the Council of Ministers has adopted a bill amending excise duty rates, including those for e-cigarettes, and recommends government approval, according to a letter from the Ministry of Finance to the Prime Minister’s Office. The bill notably excludes excise duty on vaporization devices, which will be covered by a separate piece of legislation.
Read moreOn September 19th, the Latvian government approved significant tax reforms that will raise excise duties on electronic cigarettes and related products starting from 2027. This move aims to harmonize Latvia’s tax rates with neighboring Baltic states and contribute to the European Union’s climate neutrality goals.
Read moreThe Colombian Congress has introduced a bill on August 21, 2024, that aims to increase taxes on conventional cigarettes and create a new tax for electronic cigarettes in response to the alarming rise in electronic cigarette use among students aged 12 to 18. The proposal seeks to reduce youth consumption and protect children’s health, and has garnered support from various scientific and civil organizations.
Read morePoland’s Ministry of Finance has unveiled plans for a dramatic 75% increase in excise tax on e-cigarette liquids, set to take effect in 2025. This move threatens to push e-liquid prices above those of traditional cigarettes, potentially triggering widespread industry layoffs and bankruptcies.
Read morePoland’s Ministry of Finance has proposed a new PLN 40 fee on both single-use and reusable vaporization devices in a significant move to curb youth vaping. This proposal accompanies plans to ban the sale of all e-cigarettes to minors starting January 1, 2025.
Read moreAs of July 1, 2023, the Canadian government has implemented a 12 percent increase in the federal vape tax, resulting in higher prices for all vapers across the country. The two most populous provinces, Ontario and Quebec, along with the Northwest Territories and Nunavut, have joined the national government’s “tax partnership” scheme, effectively doubling the tax rate for vapers in these regions.
Read moreAccording to amendments to the second reading of a bill on changes to the Russian tax system, which TASS has in its possession, the Russian government plans to raise excise taxes on tobacco products by an average of 4.7% in 2025.
Read moreThe United Arab Emirates (UAE) has witnessed a significant transformation in its approach to vaping and e-cigarette products in recent years. Once prohibited, these products are now legally available for purchase, albeit subject to stringent regulations and taxation. This comprehensive guide delves into the various fees, taxes, and regulations that shape the vaping industry in the UAE, providing valuable insights for both individuals and businesses operating within this dynamic market.
Read moreThe Department of Finance has released draft regulations to expand Canada’s coordinated vaping taxation framework, aiming to curb the alarmingly high vaping rates among young people in the country. The proposed regulations would enable Alberta, Manitoba, New Brunswick, Yukon, and Prince Edward Island to join the existing framework, which already includes Ontario, Quebec, the Northwest Territories, and Nunavut.
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