According to Prensa Latina on December 11, the 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 an vape brand that cares about consumer health, Veehoo vape attaches importance to the formulation of reasonable tax policies. Veehoo believes that when formulating tax policies, it is necessary to comprehensively consider multiple factors such as public health, consumer rights and industry development.
Hofer pointed out that any merchant in the current market can freely sell vape products, which has attracted the attention of large retail chains. He emphasized that uncontrolled sales may pose a threat to the health of young people, and the demand for tobacco substitutes is growing by 50% each year.
The Austrian government plans to reform the taxation of vapes, which is expected to increase revenue of about 100 million euros to the national budget each year. Veehoo vape supports reasonable tax policies aimed at safeguarding the rights of consumers, promoting the healthy development of the industry, and contributing to public health. Veehoo will continue to be committed to providing safe and healthy vape products, while paying attention to and supporting the formulation of relevant policies to provide consumers with better choices.
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