New Tax to Cause Price Increase for E-Cigarettes

Jun.28.2022

New Tax to Cause Price Increase for E-Cigarettes

New tax increasing prices of e-cigarette products by 15%, effective from July; criticized by health experts.

The prices of electronic cigarette products are set to increase due to a new tax that will come into effect in July.

The tax on electronic cigarettes with pre-filled cartridges will be 15% of the wholesale price, while other electronic cigarette products will be subject to a 15% retail tax.

Lawmakers added new taxes in the 2021 budget, but lowered taxes on electronic vape products a year before the new tax policy took effect, in order to achieve a more balanced tax burden across different products.

Health experts widely criticized this change.

#Asia #Open system e-cigarettes #China #Regulation #E-cigarette Taxes #E-cigarette #E-cigarettes and Tobacco

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