Showing posts with label excess tax. Show all posts
Showing posts with label excess tax. Show all posts

Friday, June 24, 2016

Sin-taxation of harm reduction in Hungary

According to the updated law on excess taxes, Hungarian vapers will face a new tax of 65 HUF/ml (cca 0.2 EUR/ml) on e-liquids from 1 January 2017 which will subsequently be raised to 70 HUF/ml (cca 0.22 EUR/ml) after 1 July 2017. As a comparison, the local net wholesale price of e-liquids varies between 45-70 HUF/ml.

The law defines e-liquid as tobacco product, regardless of its nicotine content. The limit for personal use will be 300ml. It is not yet clear what the impacts of the law will be on DIY mixing of e-liquids.