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Assessing the impact of excise duties on a state’s revenues: the case of Greece
Christos Papageorgiou*
Christos Papageorgiou
Affiliation: Department of Economics, University of Peloponnese, Tripolis Campus, Tripolis, Greece
 0000-0002-2674-5495
Panagiotis Farlekas*
Panagiotis Farlekas
Affiliation: Department of Economics, University of Peloponnese, Tripolis Campus, Tripolis, Greece
0000-0002-0414-4947
Zacharias Dermatis*
Zacharias Dermatis
Affiliation: Department of Management Science and Technology, University of Peloponnese, Tripolis Campus, Tripolis, Greece
0000-0001-5605-3169
Athanasios Anastasiou* 
Athanasios Anastasiou
Affiliation: Department of Management Science and Technology, University of Peloponnese, Tripolis Campus, Tripolis, Greece
000-0003-4546-7846
Correspondence
athanastas@uop.gr
Panagiotis Liargovas*
Panagiotis Liargovas
Affiliation: Department of Economics, University of Peloponnese, Tripolis Campus, Tripolis, Greece
0000-0002-2570-01
Preliminary communication | Year: 2021 | Pages: 387 - 412 | Volume: 45 | Issue: 3 Received: April 17, 2021 | Accepted: June 26, 2021 | Published online: September 6, 2021
|
FULL ARTICLE
FIGURES & DATA
REFERENCES
CROSSMARK POLICY
METRICS
LICENCING
PDF
|
Date
|
Cigarettes
|
Fine-cut tobacco
|
|
Min. exc. tax. €/1,000
pieces*
|
Sp. excise (%)
|
Ad valorem (%)
|
Total excise
duties (%)
|
VAT as percentage
of total final price (%)
|
Total taxes (%)
|
Weighted average
price of cigarettes €/1,000 pieces
|
Initial price % of
final cigarette price
|
Min. exc. tax % or
€/kg
|
|
Jan 2007
|
60.38
|
3.67
|
53.83
|
57.50
|
15.97
|
73.47
|
140.00
|
26.53
|
59.00
|
|
Jan 2008
|
64.69
|
3.67
|
53.83
|
57.50
|
15.97
|
73.47
|
150.00
|
26.53
|
59.00
|
|
Jan 2009
|
64.69
|
3.67
|
53.83
|
57.50
|
15.97
|
73.47
|
150.00
|
26.53
|
59.00
|
|
Feb 2009
|
69.00
|
3.67
|
53.83
|
57.50
|
15.97
|
73.47
|
150.00
|
26.53
|
59.00
|
|
Jan 2010
|
73.60
|
3.67
|
53.83
|
57.50
|
15.97
|
73.47
|
160.00
|
26.53
|
59.00
|
|
Jan 18 2010
|
75.60
|
5.92
|
57.08
|
63.00
|
15.97
|
78.97
|
160.00
|
21.03
|
65.00
|
|
Mar 2010
|
78.00
|
6.18
|
58.82
|
65.00
|
17.36
|
82.36
|
160.00
|
17.64
|
67.00
|
|
May 2010
|
80.40
|
8.57
|
58.43
|
67.00
|
18.70
|
85.70
|
160.00
|
14.30
|
69.00
|
|
Jan 2011
|
76.35
|
12.55
|
52.45
|
65.00
|
18.70
|
83.70
|
156.56
|
16.30
|
67.00
|
|
Jul 2011
|
101.76
|
12.55
|
52.45
|
65.00
|
18.70
|
83.70
|
156.56
|
16.30
|
67.00
|
|
Jan 2012
|
105.48
|
12.55
|
52.45
|
65.00
|
18.70
|
83.70
|
162.27
|
16.30
|
67.00
|
|
Nov 2012
|
115.00
|
50.87
|
20.00
|
70.87
|
18.70
|
89.57
|
162.27
|
10.43
|
153.00
|
|
Jan 2013
|
115.00
|
50.08
|
20.00
|
70.08
|
18.70
|
88.78
|
164.10
|
11.22
|
153.00
|
|
Jan 2014
|
117.50
|
47.10
|
20.00
|
67.10
|
18.70
|
85.80
|
175.15
|
14.20
|
156.70
|
|
Jan 2015
|
117.50
|
45.38
|
20.00
|
65.38
|
18.70
|
84.08
|
181.80
|
15.92
|
156.70
|
|
Jan 2016
|
117.50
|
44.50
|
20.00
|
64.50
|
18.70
|
83.20
|
185.40
|
16.80
|
156.70
|
|
Jun 2016
|
117.50
|
44.50
|
20.00
|
64.50
|
19.35
|
83.85
|
185.40
|
16.15
|
156.70
|
|
Jan 2017
|
117.50
|
44.05
|
26.00
|
70.05
|
19.35
|
89.40
|
187.30
|
10.60
|
170.00
|
|
Jan 2018
|
117.50
|
40.29
|
26.00
|
66.29
|
19.35
|
85.64
|
204.78
|
14.36
|
170.00
|
* [Art. 16 (5) Dir. 1995/59 & Art. 8 (6) Dir. 2011/64]. Source: Gov. Gazette 265A (2001); Gov. Gazette 169A (2006); Danchev, Maniatis and Touriki (2014); Maniatis and Danchev (2016); European Commission (2018); and authors’ calculations.
|
Period of time
|
Y
(NNDI) (mil. of €) smooth.
|
Qc
(cigarettes) calculated (bil. of pieces)
|
Pc
(cigarettes) (mil. of €/mil. of pieces)
|
Qf
(fine-cut) calculated (tonnes)
|
Pf
(fine-cut) (mil. of €/ tonne)
|
A
(ratio to total) of non-smokers
|
Excise duties
cigarettes (mil. of €) / (mil. of pieces)
|
Excise duties
fine-cut tobacco
(mil. of €) / tonne)
|
Total excise
duties
(mil. of €)
|
|
2019 - Q1
|
38,505.16
|
3.15
|
0.2091
|
0.55
|
0.2663
|
0.7788
|
0.13686
|
0.17000
|
|
|
2019 - Q2
|
38,731.81
|
3.11
|
0.2096
|
0.53
|
0.2668
|
0.7859
|
|
2019 - Q3
|
38,935.37
|
3.07
|
0.2101
|
0.52
|
0.2673
|
0.7932
|
|
2019 - Q4
|
39,156.40
|
3.03
|
0.2106
|
0.51
|
0.2679
|
0.8006
|
|
Total 2019
|
|
12.35
|
|
2.11
|
|
|
1,690.71
|
359.39
|
2,050.10
|
|
2020 - Q1
|
39,362.73
|
2.99
|
0.2111
|
0.50
|
0.2684
|
0.8082
|
0.13739
|
0.17000
|
|
|
2020 - Q2
|
39,553.87
|
2.95
|
0.2116
|
0.49
|
0,2689
|
0.8159
|
|
2020 - Q3
|
39,771.60
|
2.91
|
0.2121
|
0.48
|
0.2695
|
0.8238
|
|
2020 - Q4
|
40,008.02
|
2.87
|
0.2126
|
0.46
|
0.2701
|
0.8318
|
|
Total 2020
|
|
11.72
|
|
1.92
|
|
|
1,610.41
|
326.98
|
1,937.39
|
|
2019–2020
|
|
24.07
|
|
4.03
|
|
|
3,301.12
|
686.37
|
3,987.49
|
Source: Authors’ calculations.
|
Per. of time
|
LnY
|
LnQc
|
LnPc
|
LnAc
|
LnQf
|
LnPf
|
|
2007 - Q1
|
10.729898
|
2.038343
|
-2.103734
|
-0.489064
|
-1.096615
|
-2.128632
|
|
2007 - Q2
|
10.735393
|
2.070638
|
-2.095571
|
-0.489186
|
-1.064320
|
-2.128632
|
|
2007 - Q3
|
10.752448
|
2.077274
|
-2.087474
|
-0.489064
|
-1.057684
|
-2.120264
|
|
2007 - Q4
|
10.764908
|
2.093043
|
-2.079442
|
-0.488697
|
-1.041915
|
-2.120264
|
|
2008 - Q1
|
10.778645
|
2.090977
|
-2.079442
|
-0.488086
|
-1.000568
|
-2.120264
|
|
2008 - Q2
|
10.788037
|
2.062102
|
-2.063568
|
-0.487231
|
-1.029443
|
-2.111965
|
|
2008 - Q3
|
10.798163
|
2.073121
|
-2.047943
|
-0.486133
|
-1.018424
|
-2.107841
|
|
2008 - Q4
|
10.810391
|
2.072557
|
-2.040221
|
-0.484792
|
-1.018988
|
-2.103734
|
|
2009 - Q1
|
10.808643
|
2.024184
|
-2.032558
|
-0.483210
|
-0.920516
|
-2.099644
|
|
2009 - Q2
|
10.797312
|
2.049878
|
-2.002481
|
-0.481388
|
-0.894821
|
-2.079442
|
|
2009 - Q3
|
10.806132
|
2.037931
|
-1.984131
|
-0.479327
|
-0.906768
|
-2.075450
|
|
2009 - Q4
|
10.790590
|
2.046195
|
-1.980502
|
-0.477028
|
-0.898504
|
-2.063568
|
|
2010 - Q1
|
10.786177
|
1.860149
|
-1.980502
|
-0.474494
|
-0.687924
|
-2.067513
|
|
2010 - Q2
|
10.788266
|
1.943568
|
-1.973281
|
-0.471725
|
-0.604505
|
-2.002481
|
|
2010 - Q3
|
10.772609
|
1.953428
|
-1.832581
|
-0.468724
|
-0.594645
|
-1.917323
|
|
2010 - Q4
|
10.753115
|
1.934251
|
-1.864330
|
-0.465494
|
-0.613822
|
-1.897120
|
|
2011 - Q1
|
10.725377
|
1.814505
|
-1.864330
|
-0.462035
|
-0.418672
|
-1.845160
|
|
2011 - Q2
|
10.695279
|
1.768235
|
-1.857899
|
-0.458352
|
-0.464942
|
-1.842001
|
|
2011 - Q3
|
10.671359
|
1.773864
|
-1.832581
|
-0.454445
|
-0.459313
|
-1.838851
|
|
2011 - Q4
|
10.648081
|
1.820975
|
-1.820159
|
-0.450319
|
-0.412202
|
-1.832581
|
|
2012 - Q1
|
10.614123
|
1.630167
|
-1.783791
|
-0.445975
|
-0.324199
|
-1.826351
|
|
2012 - Q2
|
10.595416
|
1.644713
|
-1.801810
|
-0.441416
|
-0.309653
|
-1.801810
|
|
2012 - Q3
|
10.580323
|
1.623830
|
-1.845160
|
-0.436646
|
-0.330535
|
-1.795767
|
|
2012 - Q4
|
10.570020
|
1.575523
|
-1.814005
|
-0.431668
|
-0.378843
|
-1.789761
|
|
2013 - Q1
|
10.562303
|
1.563404
|
-1.807889
|
-0.426484
|
-0.442212
|
-1.777857
|
|
2013 - Q2
|
10.548715
|
1.490035
|
-1.760261
|
-0.421099
|
-0.515581
|
-1.660731
|
|
2013 - Q3
|
10.532201
|
1.497106
|
-1.748700
|
-0.415515
|
-0.508510
|
-1.570217
|
|
2013 - Q4
|
10.527026
|
1.512698
|
-1.742969
|
-0.409737
|
-0.492918
|
-1.546463
|
|
2014 - Q1
|
10.510507
|
1.469326
|
-1.720369
|
-0.403767
|
-0.509136
|
-1.546463
|
|
2014 - Q2
|
10.510003
|
1.461876
|
-1.714798
|
-0.397609
|
-0.516586
|
-1.541779
|
|
2014 - Q3
|
10.510115
|
1.441099
|
-1.709258
|
-0.391266
|
-0.537364
|
-1.537117
|
|
2014 - Q4
|
10.511370
|
1.440856
|
-1.703749
|
-0.384744
|
-0.537606
|
-1.537117
|
|
2015 - Q1
|
10.513310
|
1.422653
|
-1.698269
|
-0.378045
|
-0.487339
|
-1.527858
|
|
2015 - Q2
|
10.509524
|
1.431125
|
-1.692820
|
-0.371172
|
-0.478868
|
-1.527858
|
|
2015 - Q3
|
10.505677
|
1.440468
|
-1.687399
|
-0.364131
|
-0.469524
|
-1.518684
|
|
2015 - Q4
|
10.498899
|
1.417264
|
-1.682009
|
-0.356925
|
-0.492728
|
-1.514128
|
|
2016 - Q1
|
10.503613
|
1.309641
|
-1.676647
|
-0.349557
|
-0.551888
|
-1.465338
|
|
2016 - Q2
|
10.505856
|
1.308351
|
-1.671313
|
-0.342033
|
-0.553178
|
-1.452434
|
|
2016 - Q3
|
10.509887
|
1.470729
|
-1.666008
|
-0.334354
|
-0.390800
|
-1.435485
|
|
2016 - Q4
|
10.508373
|
1.356527
|
-1.660731
|
-0.326527
|
-0.505002
|
-1.427116
|
|
2017 - Q1
|
10.502542
|
1.356530
|
-1.634756
|
-0.318554
|
-0.452123
|
-1.370421
|
|
2017 - Q2
|
10.510424
|
1.294686
|
-1.614450
|
-0.310439
|
-0.513967
|
-1.362578
|
|
2017 - Q3
|
10.517101
|
1.057491
|
-1.599488
|
-0.302187
|
-0.751162
|
-1.354796
|
|
2017 - Q4
|
10.529702
|
1.199457
|
-1.589635
|
-0.293801
|
-0.609196
|
-1.347074
|
|
2018 - Q1
|
10.536492
|
1.092938
|
-1.585721
|
-0.285285
|
-0.605155
|
-1.343235
|
|
2018 - Q2
|
10.540501
|
1.158946
|
-1.585233
|
-0.276643
|
-0.539148
|
-1.339411
|
|
2018 - Q3
|
10.544971
|
1.194127
|
-1.576487
|
-0.267879
|
-0.503966
|
-1.335601
|
|
2018 - Q4
|
10.552278
|
1.181644
|
-1.570217
|
-0.258997
|
-0.516449
|
-1.325011
|
|
|
Coefficients
|
|
|
Model
|
Unstandardized Coefficients
|
Stand. Coeffic.
|
|
|
|
|
B
|
Std. Error
|
Beta
|
t
|
Sig.
|
|
1
|
(Constant)
|
-9.039
|
1.536
|
|
-5.885
|
.000
|
|
Ln_Y
|
.827
|
.162
|
.306
|
5.092
|
.000
|
|
Ln_Pc
|
-.657
|
.175
|
-.342
|
-3.765
|
.000
|
|
Ln_A
|
-1.701
|
.310
|
-.378
|
-5.480
|
.000
|
|
|
Coefficients
|
|
|
Model
|
Unstandardized Coefficients
|
Stand. Coeffic.
|
|
|
|
|
B
|
Std. Error
|
Beta
|
t
|
Sig.
|
|
2
|
(Constant)
|
11.758
|
4.083
|
|
2.880
|
.006
|
|
Ln_Y
|
-.863
|
.397
|
-.445
|
-2.175
|
.035
|
|
Ln_Pc
|
-1.170
|
.485
|
-1.443
|
-2.414
|
.020
|
|
Ln_A
|
3.489
|
.479
|
2.522
|
7.284
|
.000
|
Source: Authors’ calculations.
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September, 2021
III/2021
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