Colombia Approves New Vape Taxes, Raising Retail Prices by 50% A new hybrid excise tax on electronic cigarettes in Colombia will channel 1 trillion pesos into healthcare.
Colombia’s Senate has approved legislation imposing excise taxes on electronic cigarettes, vapes, and oral nicotine products during its final debate. The measure introduces a hybrid tax system that will raise retail prices by roughly 50% to curb consumption and fund healthcare infrastructure. Hybrid Formula Drives Retail Price Increases The approved fiscal structure applies two distinct levies to all vaping devices: a fixed tax of 2,000 Colombian pesos (COP) per milliliter of e-liquid, plus a 20% ad valorem tax based on the final consumer price. Senator Juan Caicedo, the bill’s lead coordinator, outlined the immediate cost implications for consumers using a…
