Italy: FollowingÂ
amendments to the Single Text on Excises approved in December 2023 to implement the nicotine-free products excise tax rate on flavoured liquid substances used to prepare e-liquids starting 1st May 2024, the Customs and Monopolies Agency (ADM)Â
amended theÂ
Circular 83685/RU. These products will be required to bear tax stamps and be registered with the ADM. Manufacturers or importers will have to establish an excise tax warehouse. Manufacturers, importers and distributors have until 31st July 2024 to sell off remaining stocks, while the deadline for retailers has yet to be determined. It appears that glycol and glycerol will be exempt from taxation, pending clarification of the provision’s scope in a forthcoming circular from the ADM.