Excise Duty On Vape Liquids The Way Forward Says Industry Player


An excise duty of RM1.20 per millilitre (ml) of nicotine vape liquid will be imposed from next year.PETALING JAYA: The government’s move to impose excise duty on vape liquids from next year will help in regulating the RM2 billion industry, says a homegrown industry player.
Nanostix Innovations Sdn Bhd executive director Shahabudeen Jalil welcomed the proposal by finance minister Tengku Zafrul Aziz when tabling Budget 2022 recently, saying the new excise duty ultimately benefits consumers.
“To pay the excise duty, we will also need to reveal every ingredient used in the production of the liquid to relevant authorities. Nanostix uses a closed pod system, which prevents the addition of any illegal chemical or substance, so this ensures transparency and safety for customers,” he told FMT.
“The taxation framework for vape products is a good way of regulating the industry, allowing players to be competitive and structured. It has already been implemented in Indonesia and across Europe.”
Shahabudeen Jalil.In January this year, the government imposed a 10% excise duty on all electronic cigarettes and other smoking devices, including vapes.
Under Budget 2022, an excise duty of RM1.20 per millilitre (ml) of nicotine vape liquid will be imposed as well.
Nanostix, which has expanded overseas with a presence in the UK, Australia, Russia, and Indonesia, among others, has been championing excise duties for vape liquids since 2015.
The excise duties mean Nanostix, like other vape industry players, will incur higher costs.

“The announcement by the government is good news, despite the increase in cost for us. We do, however, plan to absorb half that cost so it does not burden our customers,” he said.
In recent years, there have been growing calls for the regulation of the vape industry for the protection of consumers and to unlock new revenue streams and economic opportunities for both the authorities and entrepreneurs.- FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/11/excise-duty-on-vape-liquids-way-forward.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Mp Took The Easy Way Out By Jumping Says Warisan Leader

Mp Took The Easy Way Out By Jumping Says Warisan Leader

papar berkaitan - pada 30/10/2021 - jumlah : 345 hits
Azhar Matussin said Mohamaddin Ketapi had abandoned the party and the people who had given him the mandate KOTA KINABALU A Warisan Supreme Council member has taken a shot at Lahad Datu MP Mohamaddin Ketapi for quitting the party today sayin...
People Are Not Racist The Institutions Are Says Think Tank Founder

People Are Not Racist The Institutions Are Says Think Tank Founder

papar berkaitan - pada 10/11/2021 - jumlah : 293 hits
A Malaysian Chinese will not feel out of place in a Tamil Nadu banana leaf restaurant and that is the power of Malaysia s multiculturalism says The Global Institute for Tomorrow founder Chandran Nair PETALING JAYA It is not Malaysian societ...
The Cops Know Where I Am Says Rewcastle Brown

The Cops Know Where I Am Says Rewcastle Brown

papar berkaitan - pada 6/11/2021 - jumlah : 295 hits
Sarawak Report editor Clare Rewcastle Brown says the police should focus on crooks who are stealing from Malaysia PETALING JAYA Clare Rewcastle Brown is puzzled by the Malaysian police who have called on those with information on her to com...
The Easiest Way To Change Yor Favicon In Blogger

The Easiest Way To Change Yor Favicon In Blogger

papar berkaitan - pada 12/11/2021 - jumlah : 207 hits
1 Go to Dashboard Design Page Elements 2 You could see a small box on the top left Favicon 3 Click on it 4 Choose file picture and click Open 5 You are finish
The Best Way To Travel From Kuala Lumpur To Singapore

The Best Way To Travel From Kuala Lumpur To Singapore

papar berkaitan - pada 12/11/2021 - jumlah : 322 hits
Are you travelling from Kuala Lumpur to Singapore Wonder which travel option should you take Well I would say take the plane and This Is Why You Should Get A Flight Ticket Now Malaysia and Singapore have had sort of a turbulent love hate re...
Dap Rejected The Melaka Quartet But Out Voted By Pkr And Amanah Guan Eng Says

Dap Rejected The Melaka Quartet But Out Voted By Pkr And Amanah Guan Eng Says

papar berkaitan - pada 3/11/2021 - jumlah : 290 hits
DAP has apparently put its foot down on the issue of courting the Melaka quartet to contest under its ticket in the Melaka state election but claims was outgunned by its allies We discussed the matter at the DAP central executive committee ...
Why Messi Is The World Best Football Player

Why Messi Is The World Best Football Player

papar berkaitan - pada 12/11/2021 - jumlah : 264 hits
He is small but have both magnificent feet When a ball in his feet nobody can touch it and it is really fast No wonder he is now the World Best Football Player In this video he assist one and score 2 goal Barca won 4 0 againts Bayern Munich...
I Was The Man Behind Bersatu Not Dr M Says Muhyiddin

I Was The Man Behind Bersatu Not Dr M Says Muhyiddin

papar berkaitan - pada 12/11/2021 - jumlah : 314 hits
Perikatan Nasional chairman Muhyiddin Yassin claims he not Dr Mahathir Mohamad took the first step to form Bersatu He said this was after he was sacked by former prime minister Najib Razak from Umno Muhyiddin said as Najib s deputy he was c...
Samsung Galaxy Tab S9 Fe Menjadi Pilihan

Syok Juga Tanam Nenas Belakang Rumah

Singapore S Operation Lalang Against The Catholic Church 1987 Majulah Singapura

Floods Number Of Evacuees In Sabah S Sook Rises To 392

Pas Pun Teringin Nak Kerjasama Dengan Umno Kata Ketua Pemuda Pas

How Regular Hvac Maintenance Can Improve Indoor Air Quality Across Kansas Communities

Rafeah Buang 12 Lagu Paling Popular Sepanjang Zaman

Undi Popular Phbn Menurun Pn Meningkat Analisa Prk Ayer Kuning


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Eyqa Saiful Dorentia Dora Dessy Dian Hani J Syasya Tiffany Angel Enggai Alah Chord

10 Tempat Makan Popular Di Perlis Lunch Sarapan Pagi

Road Tested Purpose Built Moto S Scrambler Bar End Mirrors

5 Alasan Kenapa Agz Bikin Pencinta Drakor Akhirnya Melirik Sinetron Indonesia

Makan Kenduri Kesyukuran Aqiqah Pontian

Pagi Ahad Sarapan Pagi Kenangan