Heated tobacco tax consequences if 2023 Budget Bill not approved…

Italy: If Parliament fails to approve the 2023 Budget Bill by 31st December 2022, the excise duty increase introduced by the 2021 Budget would apply at least for January 2023. Heated tobacco products would be taxed at 40% of the duty on the equivalent quantity of cigarettes, instead of the 36.5% proposed by the 2023 Budget Bill. ...