Vaping industry urges Treasury to delay excise tax on its products

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

E-cigarettes body warns the planned duty will result in a dramatic drop in sales and could cost jobs

SA’s key industry association for e-cigarettes has called on the Treasury to delay implementing a new excise tax on its products until the government has finalised a regulatory framework for the sector.

The Treasury plans to impose excise duty of R2.90/ml for both nicotine and nonnicotine electronic delivery devices from June this year, despite the absence of controls on these products. The Tobacco Products and Electronic Delivery Systems Control Bill seeks to bring e-cigarettes into the regulatory fold for the first time and is before parliament...

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:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Former Treasury boss Dondo Mogajane joined controversial Moti Group as its CEO 8 months ago | BusinessThe former director-general of National Treasury, Dondo Mogajane, has been 'quietly working' as the new CEO of the Moti Group for the past eight months. The Moti Group is owned by controversial businessman Zunaid Moti. | News24_Business _Business Cesspit _Business CoruscaKhaya did you see this? _Business Generational Wealth starts by filling the tummies and minds of your offspring with good quality of life.
Source: News24 - 🏆 4. / 80 Read more »

Eskom aims to downgrade to stage 4 blackouts before the weekend - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom says it will have a reliable amount of diesel supplies going forward thanks to loan guarantees from National Treasury.
Source: SABCNews - 🏆 37. / 51 Read more »