According 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.
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The 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.
Read moreAs e-cigarettes continue to gain popularity worldwide, governments are increasingly targeting them as a source of tax revenue. Tax authorities correctly recognize that money spent on e-cigarettes is money not spent on traditional tobacco products, which governments have relied on for decades as a source of income. The question of whether vape devices and e-liquids should be taxed like tobacco is hardly the point; governments see that they are driving smokers away from tobacco, and they understand that the lost revenue must be made up. Because vapes look like smoking, and because the public health community is strongly opposed to them, they make an attractive target for politicians, especially since they can justify taxation with various dubious health claims.
Read moreThe Yukon government is taking proactive steps to address the increasing prevalence of vaping and the associated health risks, particularly among youth. Last Thursday, the government tabled the Coordinated Vaping Product Taxation Agreement Act in the legislature, aimed at curbing the growing rates of vaping across the territory.
Read moreAs Virginia’s 2024 legislative session draws to a close, two bills and a new tax on vape products are expected to land on the governor’s desk. The proposed measures aim to address the growing concern over youth vaping, but not everyone is pleased with the potential changes. Read more
The UK government is debating implementing a dedicated tax on vaping products in next week’s Budget announcement. Unlike combustible cigarettes, e-cigarettes currently only pay the standard 20% VAT rate. A vaping levy could raise around £500 million annually if set at a similar level to tobacco duties, which brought in £10.4 billion last year. However, opponents argue higher taxes would stifle smoking cessation efforts. Read more
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.
Read moreThe 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
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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