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 : 357 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 : 315 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 : 319 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 : 234 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 : 351 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 : 343 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 : 291 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 : 339 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...
Legoland Malaysia S Summer Carnival Is Back With A Splash For A Third Year

No Formal Protests Over Malaysia S Naturalised Players Says Afc

Igp Malaysia Risks Becoming Terror Transit Hub As Is Linked Bangladeshis Recruit Migrant Workers Via Social Media

Buat Paper Bag Sendiri Untuk Produk Event Anda Bersama Mosumart Design

Satelit Berteknologi Ai Yang Beresolusi Tinggi Kesan Pencerobohan Tanah Hutan Di Pahang Menjelang 2027

Terima Kasih Untuk 13 Juta Pageviews Blog

Putra Heights Gas Pipeline Fire Mca Calls For Rci Says Residents Deserve The Truth

Sejarah Perang Mu Tah Sebab Terjadi Jalannya Pertempuran Dan Kemenangan Kaum Muslimin


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


Osmanthus In Bloom Minuman Baharu Kenangan Coffee Yang Beraroma Eksklusif

Untuk Hati Yang Sedang Letih

Penerbangan Terkejut Boeing 737 Menurun 26 000 Kaki Dalam 10 Minit

Kementerian Peralihan Tenaga Dan Transformasi Air Luluskan 38 Projek Air Rm5 9 Bilion Di Pahang

Cafa Nations Cup 2025 Senarai Pasukan Pemain Malaysia

Dj Dave Terharu Lihat Keadaan Dharma Harun Ykat Hulur Rm1 000 Bantu Pulihkan Kesihatan