The Italian Council of Ministers has cancelled 95% of the debt owed by the country’s vaping industry for unpaid taxes on nicotine-free e-liquids.
The decision was published this week in the Official Gazette in a decree-law that also cancels all interest payments and penalties attaching to the debt.
The debt arose following the suspension of the tax in 2015 by the regional court of Lazio pending a decision by the Constitutional Court, which ruled in November 2017 that the tax was legitimate.
The industry is now waiting for the current tax system to be changed, and the overall liability reduced. Italy currently imposes Europe’s highest tax on all types of e-liquids.
...
Restricted content. Do you want to read more?
Register
Sign up NOW for 7 days FREE TRIAL and access our briefings section
Sign up to access our business and regulatory briefings and get the most updated news, insights and our expert analysis to keep you on top of worldwide industry trends.
By signing up you agree to our Terms and Conditions Please note trial access may take up to 24 hours to be granted as access must be qualified by a member of the ECigIntelligence team.