Singapore Government to Increase Tobacco Tax in 2023

Feb.15.2023

Singapore Government to Increase Tobacco Tax in 2023

Singapore to raise tobacco tax by 15% from Feb 2023, to curb consumption and generate an extra $100m annual tax revenue.

The Singapore government will be increasing the consumption tax on all tobacco products by 15% starting from February 14, 2023. According to Finance Minister Lawrence Wong's budget speech, this move aims to curb consumption.

According to Wong, it is expected that this increase will bring about an additional annual tax revenue of approximately $100 million.

Singapore last raised its tobacco tax in 2018, which saw a 10% increase.

#North America #United States #Market #Disposable e-cigarettes #Singapore #E-cigarette Taxes

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.

China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

China Caps E-Cigarette Capacity and Requires Export Compliance Proof to Curb “Involution”

China Caps E-Cigarette Capacity and Requires Export Compliance Proof to Curb “Involution”

China’s top tobacco regulator has issued a directive aimed at preventing excess capacity and curbing “involution-style” competition in the e-cigarette sector. The notice tightens investment controls, formalizes verified capacity management and requires exporters to submit compliance proof for destination markets, signaling a push toward higher industry concentration and stricter cross-border oversight.

SICPA Secures Five-Year UK Vape Tax Stamp Contract

SICPA Secures Five-Year UK Vape Tax Stamp Contract

HM Revenue and Customs (HMRC) has awarded a five-year contract to Swiss technology company SICPA and Cartor Security Printers to implement the United Kingdom’s new vaping duty stamp and track-and-trace system, beginning in April 2026.

Product | Full-screen display and 10K puffs: IVG launches new Pro-series pod vape in the UK

Product | Full-screen display and 10K puffs: IVG launches new Pro-series pod vape in the UK

E-cigarette brand IVG has recently rolled out the IVG Pro 2 across several UK online retailers. The device is compatible with IVG Pro pods and comes in 33 flavours with nicotine strengths of 0mg, 10mg and 20mg. Channel listings show a 2ml prefilled pod paired with a 10ml refill container, with pricing around £9.99.

Feb.02 by 2FIRSTS.ai

Singapore New bill would raise maximum fines to S$200,000 for sellers and S$300,000 for smugglers

Singapore New bill would raise maximum fines to S$200,000 for sellers and S$300,000 for smugglers

A bill introduced in Singapore’s Parliament on Feb. 12 proposes major increases in penalties for vaping-related offences, including higher maximum fines for users, sellers and smugglers. The draft would also rename the current Tobacco (Control of Advertisements and Sale) Act as the Tobacco and Vaporisers Control Act.

Feb.28 by 2FIRSTS.ai

Bonnie Herzog：U.S. nicotine market seen at about $67B in revenue by 2035 as smoke-free expands

Bonnie Herzog：U.S. nicotine market seen at about $67B in revenue by 2035 as smoke-free expands

Goldman Sachs Managing Director Bonnie Herzog said the U.S. nicotine market is attractive and growing, with total revenue projected to reach about $67 billion by 2035. She expects cigarettes to account for a smaller share of revenue (47%) as smoke-free revenue expands and becomes a key driver of industry profit growth. Herzog said smoke-free products represent about 48% of U.S. nicotine volumes today and could rise to roughly 75% by 2035.

Mar.04 by 2FIRSTS.ai

China Tobacco Annual Meeting Flags “New Growth Drivers” for 2026: Cigarette Innovation, Domestic Cigars, Overseas Business and Multi-Purpose Use

China Tobacco Annual Meeting Flags “New Growth Drivers” for 2026: Cigarette Innovation, Domestic Cigars, Overseas Business and Multi-Purpose Use

China’s tobacco authorities used their annual industry meeting in Beijing to outline new growth drivers for 2026, highlighting cigarette innovation, domestic cigars, overseas business expansion and multi-purpose tobacco applications.

Related Topics

News

Related Read

China Caps E-Cigarette Capacity and Requires Export Compliance Proof to Curb “Involution”

China Caps E-Cigarette Capacity and Requires Export Compliance Proof to Curb “Involution”

SICPA Secures Five-Year UK Vape Tax Stamp Contract

SICPA Secures Five-Year UK Vape Tax Stamp Contract

Product | Full-screen display and 10K puffs: IVG launches new Pro-series pod vape in the UK

Product | Full-screen display and 10K puffs: IVG launches new Pro-series pod vape in the UK

Singapore New bill would raise maximum fines to S$200,000 for sellers and S$300,000 for smugglers

Singapore New bill would raise maximum fines to S$200,000 for sellers and S$300,000 for smugglers

Bonnie Herzog：U.S. nicotine market seen at about $67B in revenue by 2035 as smoke-free expands

Bonnie Herzog：U.S. nicotine market seen at about $67B in revenue by 2035 as smoke-free expands

China Tobacco Annual Meeting Flags “New Growth Drivers” for 2026: Cigarette Innovation, Domestic Cigars, Overseas Business and Multi-Purpose Use

China Tobacco Annual Meeting Flags “New Growth Drivers” for 2026: Cigarette Innovation, Domestic Cigars, Overseas Business and Multi-Purpose Use