Yle News has reported that tobacco taxes are set to rise by roughly 30% between 2024 and 2027 in Finland.
Over six increments between now and July 2027, the price for cigarettes is set to increase, eventually hitting over the €13 mark.
These tax increases will include cigarettes, loose tobacco, pipe tobacco, cigars, and cigarillos. However, price hikes will not affect nicotine pouches or e-cigarette liquids.
It’s predicted that the Finnish government will make about €100 million from the increase in tobacco taxes.
It’s common for tobacco companies to put more significant amounts of product on the market ahead of government-imposed tax hikes, which means these increased taxes may not be noticeable until older products have been sold.
The post Tobacco taxes to increase in Finland first appeared on IceNews – Daily News.
Source link : https://www.icenews.is/2024/11/09/tobacco-taxes-to-increase-in-finland/?utm_source=rss&utm_medium=rss&utm_campaign=tobacco-taxes-to-increase-in-finland
Author : Jonathan Baker
Publish date : 2024-11-09 07:59:00
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