How on earth do they manage to put excise duty tax on PG, VG and flavourings.
They put excise duty taxing on raw ingredients that are being used in so many things.
Food, medicine, all sorts of building materials. You name it!
In 2020 it was 0.01 + 0.005€ per 1ml.
Now in 2021, it's 0.12€ per 1ml
In 2022 it will be 0.16€ per 1ml.
And 2023 will be 0.20€ per 1ml.
This is absolutely insane. PG or VG 1000ml (or 1L) of it will cost 200€ in tax alone.
So that's 20€ per 100ml just tax. It's a 1233.333% increase in tax, in a 4-year time!
Sidenote: people trading stocks might have something to think about.
But the price will go up on other products that use ingredients as well.
Who knows what king of flavourings they will end up taxing. So if a juice manufacturer decides to use some new flavouring ingredient in their recipe, then that falls under excise duty tax and is harming manufacturers and customers of non-vape products.
GOV definition of vape juice
Liquid to be used in electronic cigarettes and ingredients for the preparation of liquid to be used in electronic cigarettes - liquid which is used in disposable and rechargeable electronic cigarettes or is used in order to fill up an electronic cigarette, and which contains or does not contain nicotine, and also ingredients for the preparation of such liquid;
What they tax
Section 4.1 Taxable Liquid to be Used in Electronic Cigarettes and Ingredients for the Preparation of Liquid to be Used in Electronic Cigarettes
(1) Liquid to be used in disposable and rechargeable electronic cigarettes shall be taxable.
(2) Ingredients for the preparation of liquid to be used in electronic cigarettes (for example, propylene glycol, aromatic ingredients, vegetable glycerine, nicotine extracts, and other substances) which are used to prepare the liquid to be used in electronic cigarettes shall be taxable.
Already have to pay tax for air because my 1.6L honda is warming up the planet.
I fucking can't anymore.
ED: Excise tax law: https://likumi.lv/ta/en/en/id/81066
This is a rant and sad event for me, sorry if it's not allowed.
Ordered some nice sticks from Belgium, I order internationally often hoping that they slip thought the customs net and most of the time they do. This time however on a £80 order including shipping.
£18 duty - that's ok £83 import vat - erm, what? £327 excise duty - ermmmmm, wut??
My 100g package (8 sticks including packing I guess) must have been declared at 1kg and no way to change that.
Back to seller they go, sadly looks like the UK govt will always win. Fuck excise duty!!!
Rant over. Cheers,
EDIT: forgot to say shout-out to La Casa De Tabaco in Belgium, they've been great throughout and very helpful.
In a big relief to consumers ahead of Diwali, the government on Wednesday announced reduction in excise duty on petrol and diesel. Excise duty on petrol has been reduced by Rs 5 and that on d diesel has been cut by Rs 10, the Centre said in an official release
Does it mean there will be a sudden reduction of 5rs and 10rs on the price of petrol and diesel? If this happens it will destroy petrol pump owners.
Here is a short infographic that shows the price breakup of petrol in India, which has grown a lot in the last few months making every other commodity expensive.
Taxes make up half of the price! What is the rationale behind this? Does every country tax diesel and petrol the same way?
