The purpose of the amendment - as indicated in the explanatory memorandum - is to make the excise duty rates on tobacco products, innovative products and liquid for electronic cigarettes more realistic and to impose excise duty on devices used for vaporizing liquid for e-cigarettes and innovative products. According to the Ministry of Finance, which is the author of the bill amending the Excise Duty Act and certain other acts, as a result of the amendment, revenues from excise duty and VAT on tobacco products, innovative products, e-cigarette liquids and vaping devices after the increase in excise duty rates will amount to PLN 4.2 billion in 2025, PLN 4.3 billion in 2026 and PLN 4 billion in... [Read more]