HARMONISED TAX APPROACH FOR NOVEL TOBACCO PRODUCTS WILL BECOME A REALITY ONCE THEY REACH THE MASS, EXPERTS SAY
March 1st, 2018
THE DECISION of the European Commission not to propose a harmonised European Union (EU) approach for excise duty on e-cigarettes and other novel tobacco products has been welcomed by the tobacco sector for avoiding punitive taxation on a nascent segment.
But should such rules ultimately be introduced the tobacco sector may not oppose them if they reflect the lower health risks involved in consuming such products by enabling lower excise duty bands.
For the time being, however, there seems to have been a sigh of relief, with industry experts warning that high ...
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