Smokers in Greece May See Cigarettes Almost Double in Price
Smokers in Greece are facing a potential price increase of 50% for a pack of cigarettes, from €4.60 to approximately €7.00.
This hike is a consequence of the European Commission's proposed tax reform, aiming to increase tax revenue and align taxation with public health goals.
- The reform involves revising the Tobacco Taxation Directive (TTD) and introducing a new European levy (TEDOR).
- The goal is to modernize the EU's tobacco tax framework, which hasn't been significantly updated since 2011.
The initiative seeks to significantly raise the minimum excise duties on nearly all tobacco and nicotine products.
Author's summary: Smokers in Greece face a 50% price hike due to EU tax reform.
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