Finland to Hike Tobacco Taxes
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- November 4, 2024
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Finland will increase tobacco taxes by nearly 30 percent between now and 2027, reports Yle News.
The raises will take place in six increments and eventually drive the price of a pack of cigarettes above €13 ($14.16). Tobacco taxes will be raised twice a year until July 2027, for a total increase of 27.1 percent.
The government aims to earn around €100 million from the tobacco tax increases.
The tax increases will apply to cigarettes, loose tobacco, pipe tobacco, cigars and cigarillos. However, nicotine pouches and e-cigarette liquids will not be affected by these hikes.
After the increases, a pack of cigarettes will cost an average of around €13.20.
Tags: Finland