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.
This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.
