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.

Glas, the FDA, and the Future of Flavored ENDS

Glas, the FDA, and the Future of Flavored ENDS

China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

Ohio Supreme Court takes up appeal that could define state limits on illegal vape sales enforcement

Ohio Supreme Court takes up appeal that could define state limits on illegal vape sales enforcement

The Ohio Supreme Court has agreed to hear Attorney General Dave Yost’s appeal seeking to revive lawsuits against three Ohio vape retailers. Lower courts dismissed the cases, finding that federal law governs whether vaping products may be marketed and sold.

Mar.06 by 2FIRSTS.ai

Nebraska Lawmakers Consider Major Tax Hikes on Cigarettes, Vapes and Other Nicotine Products

Nebraska Lawmakers Consider Major Tax Hikes on Cigarettes, Vapes and Other Nicotine Products

Nebraska lawmakers are considering two tax bills targeting nicotine products. LB1124 would raise the cigarette tax from $0.64 to $1.64 per pack, while LB1238 would shift cigarettes to a 30% tax on the retailer’s purchase price and increase taxes on alternative nicotine and other tobacco products to 30%. The commentary argues the hikes could raise consumer costs, pressure small retailers, and increase cross-border shopping and illicit market activity.

Feb.04 by 2FIRSTS.ai

Product | GEEKBAR Adds Two High-Puff Devices to Its Website: Clio Platinum 50K Goes on Sale in the U.S., SOMAX 80K Expands to the Middle East

Product | GEEKBAR Adds Two High-Puff Devices to Its Website: Clio Platinum 50K Goes on Sale in the U.S., SOMAX 80K Expands to the Middle East

Vape brand GEEKBAR has listed two products on its official website—the Geek Bar Clio Platinum 50K and the GEEKBAR SOMAX 80K. The Clio Platinum 50K has already launched across U.S. online retailers, with pricing around US$23.99. The SOMAX 80K is positioned for the Middle East market and had previously been sold in Canada under the name “STLTH X GEEK BAR 80K.”

Feb.09 by 2FIRSTS.ai

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.

New York directs Tax and Finance to build “Vapor Products” registry; products not listed deemed illegal

New York directs Tax and Finance to build “Vapor Products” registry; products not listed deemed illegal

New York Gov. Kathy Hochul says the state will crack down on illegal flavored vapes by creating a registry identifying which vapor products may be legally sold. The governor directed the state Department of Taxation and Finance to establish a “Vapor Products” registry, with products not on the list treated as illegal.

Jan.20 by 2FIRSTS.ai

U.S. FDA Posts Final ZYN MRTP Materials, Sets March 4 Deadline for Public Comments

U.S. FDA Posts Final ZYN MRTP Materials, Sets March 4 Deadline for Public Comments

U.S. FDA has released the final batch of materials for ZYN MRTP applications and set March 4 (11:59 p.m. ET) as the deadline for public comments to be considered in the agency’s review.

Feb.03 by 2FIRSTS.ai

Related Topics

News

Related Read

Ohio Supreme Court takes up appeal that could define state limits on illegal vape sales enforcement

Ohio Supreme Court takes up appeal that could define state limits on illegal vape sales enforcement

Nebraska Lawmakers Consider Major Tax Hikes on Cigarettes, Vapes and Other Nicotine Products

Nebraska Lawmakers Consider Major Tax Hikes on Cigarettes, Vapes and Other Nicotine Products

Product | GEEKBAR Adds Two High-Puff Devices to Its Website: Clio Platinum 50K Goes on Sale in the U.S., SOMAX 80K Expands to the Middle East

Product | GEEKBAR Adds Two High-Puff Devices to Its Website: Clio Platinum 50K Goes on Sale in the U.S., SOMAX 80K Expands to the Middle East

SICPA Secures Five-Year UK Vape Tax Stamp Contract

SICPA Secures Five-Year UK Vape Tax Stamp Contract

New York directs Tax and Finance to build “Vapor Products” registry; products not listed deemed illegal

New York directs Tax and Finance to build “Vapor Products” registry; products not listed deemed illegal

U.S. FDA Posts Final ZYN MRTP Materials, Sets March 4 Deadline for Public Comments

U.S. FDA Posts Final ZYN MRTP Materials, Sets March 4 Deadline for Public Comments