Tax Increases on Tobacco Products and Their Impact on Cyprus
October 14, 2025
The European Commission's proposal to increase tobacco taxes could lead to significant price hikes for tobacco products. These changes are expected to impact the market in Cyprus, potentially driving citizens towards smuggling. Twelve member states have expressed concerns about an increase in illegal cigarette trade. The proposals have sparked reactions and fears regarding youth health. At the EU level, losses in revenue from smuggling amount to billions of euros.