1. The British vape tax plan will be announced in the March budget
According to the Mirror, the British vape tax plan will be announced in the budget in March this year, which may 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.
2. 233 new vape stores will open in the UK in 2023
According to the latest data from the Local Data Company (LDC), the number of independent vape stores across the UK will surge again in 2023, with a net new opening of 233. There are currently 3,573 vape stores in the UK. This data does not include other stores that sell vapes, such as convenience stores and supermarkets.
3. Indonesia imposes new tax on vape from 2024
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.
4. The Netherlands will ban flavored vapes from January 1
Starting from January 1, 2024, vape shops in the Netherlands will not be allowed to sell flavored vape or E-liquid such as peach, mango or mint, and only tobacco-flavored e-cigarette products will be legally sold. The Dutch government hopes the measure will prevent teenagers from picking up a nicotine habit or even switching to combustible cigarettes.
5. Azerbaijan will significantly increase vape consumption tax starting from January 1
As of January 1, 2024, the excise tax on disposable vapes, hookahs and their alternatives has been increased from 0.25 manats to 2 manats.
6. The Russian government vetoes the proposal to ban vape
Recently, the Russian government rejected a proposal to ban vape. Currently, minors are prohibited from purchasing vapes in Russia, but there are no restrictions on vape flavors. The Russian Ministry of Health stated that banning vape may lead to a loss of tax revenue and promote an increase in black market activities. The government’s decision must consider multiple factors such as taxation and market supervision.
7. Vapes worth more than 1 billion VND seized in Ho Chi Minh City, Vietnam
On December 30, the Sixth Brigade of the Ho Chi Minh City Police Economic Police stated that it had just carried out an inspection operation with the Third Brigade of Market Management of the Ho Chi Minh City Market Administration Bureau and seized a batch of disposable vapes and E-liquids from China, worth 10 billion VND, none of these products are taxed.
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