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Treasury turns its attention to the vaping market

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Vaping products are mostly unregulated in SA, and the Department of Health plans to amend the current tobacco control legislation to include these products in the regulatory framework. Moneyweb tax

National Treasury published a discussion paper on the intended taxation of electronic nicotine and non-nicotine delivery systems – vaping products – on December 15 last year, following the heads-up given by the Minister of Finance in the 2021 February Budget. The government had signalled its intention to start taxing these new products in the previous two budgets.

Read: India bans e-cigarettes as global backlash at vaping gathers pace Vaping may help tens of thousands quit smoking, UK study show Countries that are already regulating the use of e-cigarettes and have introduced taxes on vaping products include the US, the Republic of South Korea, the Philippines, Sweden, Latvia, Russia, and Kenya.

 

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Not regulate, word it correctly please - TAX it and CONTROL it

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