Vape tax increase being considered after it raises €22m in nine months
Minister Simon Harris is considering increasing the vape tax after it generated €22 million in nine months.Summary
Minister for Finance Simon Harris is considering an increase to the e-liquid products tax (EPT) following its successful collection of over €22 million since its introduction in November last year. The tax, currently set at €500 per litre, is collected via a "first supply model" targeting importers and manufacturers to ensure efficiency.
Legislative efforts are also underway to curb vaping popularity among youth, including a ban on disposable single-use vapes and restrictions on flavored vapes and packaging. These measures aim to address public health concerns and combat the influx of non-compliant, potentially unsafe products entering the EU market.
Concerns have been raised regarding non-compliant operators and the evasion of customs taxes. In response, Revenue officials are focusing enforcement resources on high-risk areas to minimize the burden on compliant taxpayers while tackling illegal sales, including recent seizures of cannabis-infused vaping products.
(Source：The Irish Times)
