According to a report by Newstalk on August 1st, the Irish Finance Minister has stated that an e-cigarette tax is "highly likely" to be introduced in the upcoming budget, with the possibility of increasing tax rates in the coming years.
Last year, the then Minister for Finance, Michael McGrath, announced that a "domestic tax" would be levied "considering the public health interests". He stated at the time that "considerable preparation work" would be needed in drafting legislation for e-cigarette taxation.
It is believed that the government may wait for instructions from the European Union before imposing tariffs on these products.
The new Finance Minister Jack Chambers stated that work is underway to advance the measure.
We plan to make progress in this year's budget. The tax department and finance department are working together to research how to achieve this goal.
The minister stated that he hopes to implement a tax on e-cigarettes.
Apparently, I will further clarify the information on budget day, but I hope to implement Minister McGrath's commitments for next year.
We are researching the details and technical issues on how to achieve this goal by 2025.
Minister Qian Bo said that they are "working hard to study more detailed information" to understand specifically how it will work.
When asked if the measure would definitely be implemented in the 2025 budget, the minister replied, "I can say that it is very likely.
The minister said that any such e-cigarette tax must take into consideration multiple factors.
Europe is also undergoing changes, and the set tax rates must take into account the impact on e-cigarette smuggling or illegal trade.
I expect that once this tax is introduced in a specific budget, it will gradually increase over the coming years.
As for whether it will reach the same tax rate as cigarettes, this is clearly a question that needs to be determined by future governments and future ministers.
According to reports, Ireland has sold 26.3 million disposable e-cigarette products in just the first four months of 2023, a significant increase from the 5.6 million e-cigarettes sold in all of 2022.
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