Vietnam's Ministry of Finance has received feedback on the 26/2023/ND-CP decree regarding export taxes, particularly on e-cigarette imports.
Tobacco
The UK government has announced the ban on disposable vapes in England, including both nicotine and non-nicotine products. The draft regulations outline the scope of the ban and include an impact assessment.
British American Tobacco is considering selling a small portion of its stake in Indian company ITC through block trades. The sale aims to pay off debt and reach the leverage range for stock buybacks.
The Philippines' Negros Oriental province trade department has issued a warning to merchants about selling e-cigarettes to minors, citing serious penalties.
UK Finance Minister Jeremy Hunt plans to impose additional taxes on e-cigarettes starting in October 2026 to raise prices and discourage non-smokers from smoking.
The Georgian parliament is considering a half reduction in tobacco consumption tax to stimulate the industry, increase competitiveness, and reduce illegal tobacco imports.
The proposed legislative act for tobacco legislation in New Mexico includes comprehensive provisions to protect public health, particularly among children.
- Bulgaria Faces Legal Complexities as Court Nullifies Indoor Smoking Fine for Tobacco Heating Devices
In response to a Sofia District Court decision that invalidated a fine for smoking indoors using a tobacco heating device, an urgent ordinance reform is ongoing to avoid perceived smoking-related double standards.
On January 24, 2024, the Federal Council of Switzerland makes preliminary decisions about modifying the budget for 2025. The planned tobacco tax hike is intended to generate around 35 million francs in additional revenue.
During an event titled "A Lifetime We Lived Together," Nassif Seklaoui, general manager of the Lebanese Tobacco and Tombacs Authority (RLTT), criticized ideas to raise tobacco taxes in order to increase state revenue.