“Spending and economic pressures from the pandemic have caused government debt to soar to 80% of GDP in 2020/2021, up from 66% the year before. Mboweni is therefore looking for new sources of cash. One area that has been mooted is a new excise on e-cigarettes. Because only VAT is levied on e-cigarettes, a new excise would undoubtedly bolster the public purse.”
ARTICLE LINK: A high tax on e-cigarettes will bring evasion and illegality
Store
