Increased excise duty on cigarettes helps, but more is required for shortfall
August 02, 2024 by wbj.pl
Increased excise duty on cigarettes helps, but more is required for shortfall
The Polish Ministry of Finance plans a 25% rise in tobacco excise duty to generate 4-5 billion PLN yearly. Cigarettes, cigars, tobacco, and e-cigarette products will be affected, with e-liquid facing a 75% increase. Tobacco-related costs in Poland total around 57 billion PLN annually, and globally reach up to $2 trillion. The excise hike aims to tackle these costs, mainly in healthcare and productivity loss. However, it is considered inadequate against the overall economic impact of tobacco.
21.20% of the adult population are current smokers. There are approximately 6.9 million current smokers in Poland 25.50% of men are current smokers but only 17.30% of women.
SOURCE: GSTHR
