EU E-cig Tax Amendment Begins No Sooner Than 2023
Ellesmere Zhu, London
Tobacco taxes will increase across Europe and extend to next-generation products under a draft impact assessment of the new Tobacco Excise Tax Directive (TED), which the European Commission is expected to present for debate in the European Council and Parliament on December 7.
The document outlines several options for taxing new and traditional tobacco products, with the Commission presenting its preferred option. While this is only a working draft and the actual draft directive may differ when it were to be submitted on December 7, it highlights which option the Commission prefers for consideration.
2FIRSTS London News Center learned from a European e-cigarette industry insider that the topic of TED amendment is not on the European Council's agenda for discussion in December 2022. As a result, the revision process for the tax bill will likely begin no sooner than 2023.
*The content of this article is written after the extraction, compilation and integration of multiple information for exchange and learning purposes. The copyright of the summary information still belongs to the original article and its author. If any infringement is found, please contact us to delete it.