“The Vapour Products Association of South Africa has written an open letter to Finance Minister Tito Mboweni, urging him not to impose excise duty on vaping products in the upcoming National Budget. According to the association, this would have a detrimental impact on the small- and medium-sized businesses (SMEs) that comprise the vaping industry in South Africa. It would reduce their ability to contribute to the fiscus via taxes. In addition, the implementation of excise on the scientifically proven less-harmful alternative to smoking would increase the price of the product and make it less accessible to millions of smokers, said the association. It represents manufacturers, wholesalers and retailers of vapour products.”
ARTICLE LINK:
Budget Speech 2020: Vaping industry’s letter to Mboweni about excise duty
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