‘Harm reduction is the way, not sin tax’ – tobacco industry on new bill

  • 📰 SundayTimesZA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

Industry experts and tobacco harm reduction advocates have appealed to government to review the newly tabled tobacco bill which is expected to increase the price of nicotine and nicotine-substitute solutions.

Nicotine and nicotine-substitute solutions in vaping products will be included in the tax net with a flat excise duty rate of R2.90/ml from June 1. Stock photo.Industry experts and tobacco harm reduction advocates have appealed to government to review the newly tabled tobacco bill which is expected to increase the price ofThe sin tax means that these products will now be included in the tax net with a flat excise duty rate of R2.90/ml from June 1, according to the South African Revenue Service.

“It does not provide solutions, and if passed, it will be at the cost of human rights and human lives. He said policymakers needed to scientifically look at combustion versus non-combustion and the risks and benefits associated with each and then act accordingly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Revolutionising the healthcare industry with JustSolveJustSolve is leading the way as digital transformation is disrupting the healthcare industry.
Source: mybroadband - 🏆 11. / 67 Read more »

Momo Matsunyane makes her mark in theatre industryMomo Matsunyane makes her mark in theatre industry: After putting in years of hard work producing, writing and directing, Momo Matsunyane is reaping the rewards, having walked away with two awards at the Naledi Theatre Awards recently.
Source: SABreakingNews - 🏆 41. / 51 Read more »

Cloud & Security Conference 2023 — Dr Angus Hay on sustainability in the data centre industryDr Angus Hay of Africa Data Centres discussed the importance of continuous access to electricity when running a data centre business.
Source: mybroadband - 🏆 11. / 67 Read more »

Business Talk – The best podcast for C-level thought leadershipBusiness Talk is the best platform for positioning your executives as industry leaders.
Source: BusinessTechSA - 🏆 24. / 61 Read more »