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Based on an average pack price of 3.80 euros in 2014 and an average tax burden per pack of 85% of TIRSP (inclusive of specific excise at 82.50 euros per 1,000 sticks and rates of ad valorem and VAT of 20% and 18.7% respectively) the Greek state lost about 740 million euros in tax on this illicit consumption

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We also offer guidance on transitioning from smoking to these products, whilst comparing them to vape devices and e-liquids along the way