Smokers in Greece Face Significant Price Increase
Smokers in Greece are facing a potential price hike of 50% for a pack of cigarettes, from the current average of around €4.60 to approximately €7.00.
This increase is a result of a proposed tax reform by the European Commission, aiming to generate substantial tax revenue and align taxation with public health goals.
- Revision of the Tobacco Taxation Directive (TTD)
- Introduction of a new European levy (TEDOR)
The initiative seeks to modernize the EU’s tobacco tax framework, which hasn’t been significantly updated since 2011.
The core of the Commission’s proposal is to significantly raise the minimum excise duties on nearly all tobacco and nicotine products.
Author's summary: Smokers in Greece may face a 50% price increase for cigarettes.
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