Market & regulatory data for the vapour sector in Iceland

20th December 2024: Iceland: An excise duty for e-liquids will be introduced starting 1st January 2025, following the publication in November 2024 of the law amending various laws on taxes and fees. Instead of introducing a flat rate as initially proposed, the rate will finally be based on nicotine content. Therefore, e-liquids containing 12 mg/ml or less of nicotine, including nicotine-free e-liquids, will be taxed at ISK40 (€0.28) per ml, while e-liquids containing 12.1 mg/ml or more of nicotine will be taxed at ISK60 (€0.41) per ml.
9th December 2024: Iceland: The law amending various laws on taxes and fees has been published in the Icelandic Official Gazette, and will enter into force on 1st January 2025. The law initially proposed introducing a flat rate for all e-liquids, but instead introduces a tax based on the nicotine content in its final version. E-liquids containing 12 mg/ml of nicotine or lower, including nicotine-free ones, will be taxed at ISK40 (€0.27) per ml, while e-liquids containing more than 12.1 mg/ml of nicotine will be taxed at ISK60 (€0.41) per ml.
21st November 2024: Iceland: The parliament has approved the bill amending the Law on Alcohol and Tobacco Tax to introduce an excise duty on e-liquids. The Ministry of Finance’s proposal initially sought to introduce a flat tax rate of ISK60 (€0.41) per ml. However, after going through several amendments in the parliament, the rates have been changed to adopt a tax scheme based on the e-liquid nicotine concentration. Nicotine-free e-liquids will be taxed at ISK40 (€0.27) per ml, e-liquids containing 12 mg/ml or less of nicotine will also be taxed at ISK40 (€0.27) per ml, and e-liquids containing 12.1 mg/ml or more of nicotine will be taxed at ISK60 (€0.41) per ml.
17th October 2024: Iceland: The Ministry of Finance has opened a draft bill for consultation that would amend the Law on Alcohol and Tobacco Tax to introduce a tax on e-liquids of ISK60 (€0.40) per ml. The introduction of the bill follows statements from the minister of health last month that taxation of nicotine products needed to be considered in order to curb youth uptake. If the bill passes, e-liquids would start to be taxed in Iceland. The consultation period ends on 21st October.
30th September 2024: Iceland: The minister of health has said that taxation of nicotine products must be considered in order to curb youth uptake, press reports. Currently, only tobacco products are taxed, leaving nicotine products untaxed. No bills have been proposed to this end yet.
9th November 2023: Iceland: An am endment to regulation 992/2022 on marketing notifications, licensing, and ingredients of nicotine products, e-cigarettes and refills containing nicotine was published last week in the Official Gazette. The amendment establishes the EU-wide standard set out in the EU Tobacco Products Directive (TPD) to not allow the following to be placed on the market: nicotine-containing liquid in dedicated refill containers of more than 10 ml in volume, or disposable e-cigarettes or single-use cartridges or tanks exceeding a volume of 2 ml.
13th December 2022: Iceland: An amendment to Regulation 992/2022 on marketing notification, licensing and ingredients of nicotine products, e-cigarettes and refills containing nicotine has been published in the Official Gazette, lowering the fee for licence applications to sell vaping products from ISK72,864 (€482) to ISK27,224 (€180).
11th October 2022: Iceland: The Ministry of Health has told ECigIntelligence that, for the time being, it does not plan to issue a regulation restricting the marketing of flavoured vaping products. Plans for a flavour ban were quashed when the Parliamentary Welfare Committee deleted the provision on flavours, proposed by the Ministry of Health in the first draft of a recently-enacted bill amending Act 87/2018 on E-cigarettes, Refills and Nicotine Products.
2nd September 2022: Iceland: The government has published two new regulations: Regulation 992/2022 on marketing notifications, licensing, and ingredients of nicotine products, e-cigarettes and refills containing nicotine and Regulation 991 on the packaging of nicotine products, e-cigarettes and refills containing nicotine. The regulations repeal the previous regulations on the matter, although the new ones contain mostly the same provisions. Some additions include the introduction of minor changes to the textual health warning that nicotine-containing e-cigs must carry, as well as setting out the procedure to obtain a licence to sell vaping products.
28th July 2022: Iceland: Tomorrow is the last day to submit comments on the Ministry of Health’s planned amendments to the Tobacco Control Act following the incorporation of the EU Tobacco Products Directive (TPD) into the EEA agreement in February. The bill to transpose the TPD into Icelandic law, which has not yet been published, is scheduled to be presented in the autumn, with the proposed changes to be made public after the consultation period.
11th July 2022: Iceland: A bill amending Law 87/2018 on electronic cigarettes and refills has today come into force. It makes the sale of vaping products subject to licensing by the Housing and Civil Engineering Institute and explicitly prohibits the advertising of e-cigarettes on social media.
8th July 2022: Iceland: On 1st July the Ministry of Health made its legislative plans to amend the Tobacco Control Act following the incorporation of the European Tobacco Products Directive (TPD) into the EEA Agreement in February 2022 open for comments via the consultation portal. The legislative plans seek to implement the European TPD into the Icelandic legislative framework, although no bill has been disclosed yet, as the proposed changes will be made public after the consultation period. The bill is scheduled to be presented during the 2022 autumn session. The consultation period ends on 29th July 2022.

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