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 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 moreVaping has become a popular alternative to traditional smoking in recent years, but with its growing popularity comes increased regulation and taxes. As vaping taxes vary from state to state, it’s essential to understand the specific regulations and taxes in each state in the United States.
Let’s take a deep dive into the vaping taxes by state in the United States and provide a comprehensive guide to help you navigate the regulations and taxes for your state.
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
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
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.
Read moreIn 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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