The government of the Canary Islands is set to revise the Tobacco Products Tax Law which would mean e-cigarette products would be subject to a taxation rate of 0.10 euros per ml from 2024, reports 2firsts.com.

This would make the Canary Islands the first Spanish autonomous community to impose a specific tax on such products in line with the fiscal recommendations issued by the European Union and the central government, according to 2firsts.com.
The law plans to tax e-cigarette liquids regardless of their nicotine content with the aim of preventing youngsters from getting hooked on the products.
According to predictions in a report by the Ministry of Health titled “E-cigarette Tax Review: European Regulations and Potential Scenarios in Spain,” the national public revenue from e-cigarette taxes could increase anywhere from EUR 7 to 48 million, reports 2firsts.com.
The bill will also increase taxes on cigars from 2 per cent to 4 per cent and on other tobacco products where taxes will go up from 5 per cent to 10 per cent.