Finland tobacco tax to rise nearly 30% over three years, e-cigarettes unaffected

Nov.04.2024

The Finnish government plans to gradually increase the tobacco tax from November 1, 2024, through 2027 in six stages, with a total expected rise of 27.1%. This measure aims to generate approximately 100 million euros in additional revenue, but nicotine pouches and e-cigarette products will remain unaffected.

The Finnish government will gradually increase tobacco taxes from now (November 1) until 2027, according to a report by Yle News on November 1.

The tax increase will be carried out in six stages, ultimately raising the price of a pack of cigarettes to over 13 euros. The Finnish government plans to increase tobacco taxes twice a year until July 2027, resulting in a total increase of 27.1%.

By increasing tobacco tax, the government expects to generate approximately 1 billion euros in additional revenue.

This tax increase applies to cigarettes, loose tobacco, pipe tobacco, cigars, and cigarillos. However, nicotine pouches and e-cigarette products are not affected by this tax hike.

References:

[1] Tobacco prices to rise nearly 30% by 2027

Also Read:

[1] Finland Parliament Supports Regulations on Nicotine Pouches in September

[2] Public Consultation on Tobacco Legislation Amendments in Newfoundland and Labrador

[4] Finland Proposes Regulation on Nicotine Pouches to Combat Addiction

[5] Tax Reform on Nicotine Pouches in Finland

[6] PMI Forced to Destroy Millions Worth of Tobacco Products

[7] E-cigarette Industry: Lucrative and Popular Among Finnish Youth

[8] Growing Concern of E-cigarette Popularity Among Young People in Finland

#Europe #Traditional tobacco #Legislation #Finland

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