Key Points
• E-cigarette e-liquid tax: effective April 1; €26 million collected through November; €4 million in November
• Implementation: applied three months later than the usual fiscal schedule; 2025 is the first year of a specific levy on vaping products
• Tobacco Products Tax: rates increased from January 1; €6.696 billion through November (+6% YoY); €728 million in November (+12.2% YoY)
• Total excise duties: €21.309 billion January–November (+5% YoY); €2.065 billion in November (+2.7% YoY)
• Other excises: hydrocarbons €11.483 billion; electricity €1.466 billion (+47.9%); alcohol €740 million (-2%); beer €309 million (-3.4%), with €35 million in November (-17.7% YoY)
2Firsts, December 30, 2025 – According to the Spanish Tax Agency (Agencia Tributaria) Monthly Tax Collection Report (Informe Mensual de Recaudación Tributaria), Spain’s new tax on e-cigarette e-liquids has raised €26 million through November since taking effect on April 1. In November alone, the Treasury (Hacienda) collected €4 million from the new levy. The report says the figure is in line with previous months, confirming the tax has stabilized as a new source of fiscal revenue.
The levy began to apply three months later than the usual fiscal timetable to facilitate the sector’s adaptation. As a result, 2025 is the first year in which vapers and e-cigarettes are taxed under a specific category.
In parallel, the government increased rates for the Tobacco Products Tax (Impuesto sobre las Labores del Tabaco) from January 1. Through November, collection reached €6.696 billion, a 6% year-on-year increase. November closed at €728 million, up 12.2% versus November 2024 and marking the second time this year the tax exceeded €700 million, the Tax Agency notes.
The report also states that both the vaping tax and the tobacco tax are part of Excise Duties (Impuestos Especiales), which contributed €21.309 billion to the state between January and November, 5% more than in the same period last year. In November alone, these duties generated €2.065 billion, up 2.7% year on year.
Image source: El Diario de Madrid
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