Budget law approved, amending heated tobacco excise duties…

Italy: Parliament approved the 2023 Budget Law on 29th December 2022 which slightly amends the planned increase in heated tobacco excise duty for 2023 and the following years. Heated tobacco products are taxed at 36.5% of the duty on the equivalent quantity of cigarettes in 2023, 38% in 2024, 39.5% in 2025, and 41% in 2026. The ADM has updated the retail prices and excise duties on » Continue Reading. ...