From March 1, excise taxes on cigarettes and tobacco products will increase

From March 1, 2023, excise taxes on tobacco products are expected to increase unscheduled. The increase will affect excise taxes on cigarettes, vape liquids and tobacco for heating systems. How much the prices for nicotine-containing products will increase – read in the Izvestia article.

How much will the price of cigarettes rise from March 1, 2023

The excise tax on cigarettes and cigarettes from the first day of spring will increase by 2% and amount to 2,603 ​​rubles per thousand pieces, with the addition of 16% of the estimated value based on the maximum retail price, but not less than 3,536 rubles per thousand pieces compared to 3,467 rubles earlier.

Prices will remain at this level until the end of 2023.

How much will the price of vape liquids rise from March 1, 2023

In addition to the increase in excise taxes, the changes affected the very system of taxation of electronic nicotine delivery systems. Now only the nicotine-containing liquid itself is subject to excise duty, from March 1, the rate will increase by 11.1% and amount to 20 rubles per 1 ml. The systems themselves are no longer taxed.

How much will the price of tobacco for heating systems rise from March 1, 2023

Excises on tobacco intended for heating systems will increase by 10.6% with the advent of spring. Now the rate will be up to 8,669 rubles per 1 kg.

In addition, the schedule of excise tax increases for the next two years has been changed.

In November 2022, experts interviewed by Izvestia explained to readers the need to increase excise taxes on tobacco for heating devices.

For latest updates and news follow BLiTZ on Google News, YouTube, Facebook, and also on Twitter.

- A word from our sponsors -

Most Popular

Leave a Comment

%d bloggers like this: