Recently, according to TASS news agency, the Russian Ministry of Finance estimated that doubling the tax on nicotine e-cigarette oil will bring benefits of 10 billion rubles (approximately RMB 800 million).

Deputy Finance Minister Alexei Sazanov told the plenary session of the Federation Council: "We expect the benefit to be around 10 billion rubles. At the moment, this tax rate is effectively equivalent to a ban, and we think it will have It will help increase budget revenue and reduce the consumption of nicotine products." This was his response to a question about the expected fiscal benefits of increasing the tax rate on nicotine e-cigarette oil.

Previously, the Federal Council had approved an increase in tax rates on tobacco products starting in 2024.

According to the newly adopted law, the tax rate on cigarettes and cigars in 2024 will reach 2813 rubles per thousand sticks plus 16% of the calculated price, but not less than 3820 rubles; in 2025, the tax rate on cigarettes will increase to 2926 rubles per thousand sticks, Plus 16% of the calculated price (not less than 3,973 rubles); in 2026, the tax rate on cigarettes will be further increased to 3,043 rubles per thousand, plus 16% of the calculated price (not less than 4,132 rubles).

Currently, the tax rate on cigarettes is 2,603 rubles per thousand sticks plus 16% of the calculated price, but not less than 3,536 rubles.

As for the tax rate on nicotine e-cigarette oil, it will be 42 rubles per milliliter in 2024, 44 rubles per milliliter in 2025, and 46 rubles per milliliter in 2026.

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