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Finance ministry puts a figure on heated tobacco tax rise…

Written by Aidan Semmens || 29th September 2022 || Alerts Array | Tax | Geographies: Europe Iceland

Iceland: Following the presentation of the Budget for 2023, including a 7.7% increase in tax on heated tobacco products, the Ministry of Finance is to introduce an amendment to the Act on Taxes on Alcohol and Tobacco, no. 96/1995, increasing the applicable excise duty from ISK30.15 (€0.22) to ISK32.45 (€0.23) per g of tobacco. ...

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