Malaysia Plans Excise Tax on Vaping Products
According to the Malay Mail, the Malaysian government plans to impose excise duty on all nicotine-containing vaping products. Finance Minister Tengku Zafrul Abdul Aziz did not reveal the expected tax rate, but said the move is intended to promote a health
According to the Malay Mail, the Malaysian government plans to impose an excise tax on all vapor products containing nicotine.<\/span><\/div>
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Finance Minister Tengku Zafrul Abdul Aziz did not disclose the expected height of the tax but stated that this move aims to promote a healthier lifestyle among Malaysians.<\/span><\/div>
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Nedal Salem, Managing Director of British American Tobacco, praised the plan, calling it the right step for Malaysia to reduce tobacco harm.<\/span><\/div>
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Salem wrote in a statement: “Regulation not only allows e-cigarette users to access lower-risk smoking alternatives but also ensures that the products used meet quality and safety standards.”<\/span><\/div>
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However, he warned the government that any new tax framework must be carefully crafted to ensure it does not push consumers towards cheaper, less regulated alternatives.<\/span><\/div>
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“If not, the mistakes of high tobacco consumption taxes will be repeated, costing the government 5 billion ringgit (1.2 billion) annually,” Salem wrote.<\/span><\/div>
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