According to Prensa Latina on December 11, Austrian authorities plan to introduce new taxes on vapes to bring more money to the state treasury.
Currently, vapes and their cartridges are subject to only 20% sales tax in Austria, without tobacco tax. In contrast, traditional cigarettes are subject to 60% tobacco tax.
Hannes Hofer, director of the Austrian Tobacco Bureau, pointed out that this tax structure is obviously incomprehensible from a public health perspective. He believes that tobacco monopoly should be converted to nicotine monopoly and restrict stores from selling vapes and nicotine products.
Hofer also mentioned that currently any baker, tire dealer or even mobile phone seller can sell these products freely, which has attracted the attention of large retail chains. He stressed that uncontrolled sales endanger the health of young people, while the demand for tobacco substitutes is growing by 50% each year.
The Austrian government plans to reform the taxation of vapes, hoping that this move will increase revenue of about 100 million euros to the state budget each year.
As a brand that focuses on public health and consumer interests, Veehoo vape closely follows Austria’s vape tax reform. Veehoo has always been committed to providing safe and healthy vape products, and also recognizes the importance of reasonable regulation and tax policies for the development of the entire industry and consumer rights.
Hannes Hofer, director of the Austrian Tobacco Bureau, pointed out the irrationality of the current tax structure, especially from a public health perspective. He advocated stricter regulation of vapes and nicotine products and restricted sales channels to protect the health of young people.
Veehoo vape recognizes the importance of reasonable regulation and tax policies for the vape market. Veehoo advocates balancing public health and market demand in tax reform to ensure that consumers can obtain safe and high-quality vape products, and also supports reasonable tax policies to bring fiscal revenue to the country.
The Austrian government hopes to increase revenue by about 100 million euros each year through vape tax reform. Veehoo vape will continue to pay attention to the progress of the tax reform, actively respond to changes in regulatory policies, and strive to provide vape products that meet regulatory requirements and meet consumer expectations, so as to promote the healthy development of the industry and the public interests of consumers.
Tags: Austrian vape tax，Austrian vape new regulations，veehoo vape
