ITALY Measures envisaged in the text of the Budget Law Significant increases for electronic cigarettes and heated tobacco The measures are in the process of being approved The squeeze on tobacco is extended to electronic cigarettes with the introduction of rates on inhalation liquids rising to 15% from January 1, 2021, 20% in 2022 and 25% in 2023 if with nicotine. Respectively at 10% in 2021, 15% in 2022 and 20% in 2023 to nicotine-free liquids. For the excise duty on heated tobacco, a gradual increase of up to 40% of the excise duty on traditional cigarettes is expected in 2023: it will rise first to 30% in 2021, then to 35% in 2022. For the excise duty on heated tobacco, a gradual increase... [Read more]