Tag Archive for: vaping tax

Canary Islands to Tax Vaping and E-Cigarettes

Regional Government Leads Spanish Initiative in Line with European Majority

The Government of the Canary Islands, an autonomous community in Spain, will impose a tax of 0.10 euros per milliliter on vaping products and e-cigarettes starting in 2024, according to the articulated text of the modification to the law regulating the tax on tobacco products. This measure, included in the draft budget for the Autonomous Community for the upcoming year, positions the Canary Islands as the first Spanish region to collect specific taxes on these products, until the central government is expected to do so for the rest of the autonomous regions.

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UK Government Exploring New Vape Taxes To Curb Youth Usage

The UK government is considering implementing a new tax on vapes as part of its strategy to create a “smokefree generation” and reduce youth vaping rates. Recently published government documents indicate plans to explore a vape duty similar to those enacted in other countries. Read more

South Korea’s Synthetic Nicotine Tax Evasion Scheme

A sophisticated tax evasion scheme involving the misclassification of nicotine products has resulted in significant revenue losses for the South Korean government. Importers falsely declared natural nicotine as synthetic nicotine to exploit regulatory loopholes, according to recent customs data.

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South Africa’s New Vaping Tax and Its Impact on Young Smokers

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Governments around the world impose excise taxes on products like alcohol and tobacco to reduce their demand. The South African government has recently implemented a tax on vaping products for the same reason. However, the new vaping tax has enraged vaping lobby groups and manufacturers who argue that e-cigarettes are less harmful than traditional cigarettes. They also claim that the tax will spawn an illicit industry, that people will go back to smoking traditional cigarettes, and that the tax will not dissuade the youth from starting vaping.In this article, we analyze the price increase claims and the effectiveness of the excise tax regime on vaping products. The Dr Yunus Carrim from Research Unit on the Economics of Excisable Products (REEP) conclude that the vaping tax is flawed because it is not well-targeted at reducing the consumption of vaping products among the youth.

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Vape Taxes in Louisiana Set to Be Triple under New Vaping law

In a recent announcement, Governor John Bel Edwards revealed that he has signed HB 635 into law, which will result in an increase in the excise tax on nicotine vape products from 5 cents per milliliter to 15 cents. This change is set to take effect on July 1. The bill, sponsored by State Representative Paul Hollis (R-Covington), received overwhelming support with an 83-13 vote in the house and unanimous approval in the Senate.

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Electronic Cigarettes Will Also Be Taxed in Switzerland

Electronic cigarettes are set to face taxation in Switzerland following the approval of the Federal Council’s plan by the Council of States and the National Council. While the tax on e-cigarettes will not be as high as that on traditional cigarettes, it aims to generate revenue for the Federation. This article explores the details of the tax plan, its implications, and the different perspectives surrounding it.

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The Czech Government’s New Proposal to Increase Vape Taxation

In an ambitious move to bolster economic standing, the Czech Government has proposed a significant increase in the excise tax on tobacco and vape products. This bold strategy, part of their consolidation package, aims to tax not just traditional tobacco more heavily, but also heated tobacco and electronic cigarettes.

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Vietnam’s Ministry of Finance Proposes a Vape Tax

According to local Vietnamese media on May 14, the Ministry of Finance in Vietnam has recently submitted a draft report to the Ministry of Justice. This report, for the Special Consumption Tax Law (SCT), includes a proposal for a consumption tax on e-cigarettes.

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New Sin Tax Introduced in South Africa cos the Surge in Vape Juice Prices

The vaping industry in South Africa is about to face a significant change as a new sin tax for vaporized tobacco products will be introduced next month. This tax has raised concerns and sparked debates among various stakeholders, including the Vapour Products Association South Africa (VPASA) and the Research Unit on the Economics of Excisable Products (REEP). In this article, we’ll delve into the details of this new tax and the implications it could have on the industry and public health.

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Louisiana Lawmakers Consider Taxing Vape for State Trooper Salary Increases

Louisiana lawmakers are considering a new tax on vape products and e-cigarettes to raise funds for State Trooper salary increases. The debate on vaping’s health risks and its popularity among youth highlights the importance of finding a balance between public health concerns and supporting law enforcement officers.

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