Background: Law no. 227/2015 on the Fiscal Code (“the New Fiscal Code”) went into effect on 1 January 2016, replacing the existing Fiscal Code. The new Fiscal Code introduced an excise tax on liquids containing nicotine for inhalation by means of an electronic device (“electronic cigarettes”) .
Inflation indexation: Article 442 provides a mechanism to update the tax rate annually by the increase of the consumer price index of the latest 12 months, calculated in September of the year preceding the application, compared to the period from October 2014 – September 2015, officially communicated by the National Statistics Institute by October 15th.
As of January 2019 the tax is expressed in local currency terms as RON 0.52 per ml, which is approximately equal to the previous euro based rate of EUR 0.11 per ml.
Categorised in: Country, Electronic cigarettes, Excise tax, Romania
This post was written by Philip Gambaccini