In early 2024, many countries began or planned to tax vape, and the vape regulatory process accelerated.
Indonesia
Starting from January 1, 2024, Indonesia will begin to impose new taxes on vape on the basis of the existing consumption tax to increase restrictions on consumption. The surcharge on vape is set at 10% of the consumption tax.
U.K.
The UK vape tax plan, due to be announced in the March 2024 budget, is likely to increase the cost of e-liquid by at least a quarter. A government source said a vape tax is almost inevitable as part of the spring budget, which will be announced by chancellor Jeremy Hunt on March 6.
Belgium
From January 1, 2024, Belgium will implement a new tax on E-liquid, which will be 0.15 euros per milliliter. The Finance Minister said the tax was aimed at discouraging 15 to 24-year-olds from vaping, particularly those who had never smoked before.
Azerbaijan
Starting from January 1, 2024, the consumption tax on disposable vapes, hookahs and their substitutes in Azerbaijan has been increased from 0.25 manats to 2 manats (approximately US$1.18).
Michigan, USA
Recently, Michigan lawmakers in the United States proposed a series of bills related to vape, including a 57% wholesale tax on all vape products, nicotine pouches and smokeless tobacco products. The state Senate will continue discussion of the bills on January 10.
Hawaii, USA
The US state of Hawaii has imposed a 70% wholesale tax on vape products, which took effect on January 1, 2024. Previously, the state did not tax vape products.
If you know of the latest policies related to the vape industry, please leave a message below and we will update the article in a timely manner. You can also contact info@vecee.com.
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