Russia approves progressive tax increase for vaping products and HnB
28th September 2019 - News analysis |
The Russian Duma has adopted a new bill that amends the tax code for 2020, increasing excise tax applied to heated tobacco products
The Russian Duma has adopted a new bill that amends the tax code for 2020, increasing excise tax applied to heated tobacco products
Two heated tobacco brands have been launched in Russia by Big Tobacco: IQOS from PMI and BAT?s Glo. And all the signs are that the products are gradually gaining in interest and popularity in one of the world?s largest tobacco markets
E-cigarettes and heated tobacco are currently subject to very little regulation in Russia ? but that could be about to change, with proposals coming from both the federal trade ministry and the Moscow City Duma
The effects of taxation on Russia?s e-cig market are likely to include price rises, decreased production of e-liquids with nicotine by larger manufacturers, and growth of the black market
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