The short version Cigarettes currently cost around 4 a pack in Gibraltar vs EUR 6.50-7.00 in Spain From 10 April 2026 : the maximum price gap shrinks from 32% cheaper than Spain (current MOU) to either 15% or EUR 0.80 cheaper , whichever is less (Annex 24, Appendix 2, Section 3) EU minimum excise rates on tobacco and alcohol apply from day one (Annex 24, Article 6(2)(a)) By April 2029 : excise duties on tobacco, alcohol, and fuel must be within 6 percentage points of Spanish rates (Annex 24, Article 6(2)(b)) Menthol and capsule cigarettes , banned across the EU since 2020, will likely be banned in Gibraltar too (Articles 256(1), 258(b)) Spirit drinks get no exemption from EU product compliance rules (Article 256(3)) Food, water, pharmaceuticals, books stay at 0% Transaction Tax (Annex 24, Appendix 1) What it means for you If you smoke: prices are going up, starting 10 April

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