“Non-governmental organisation Retail and Trade Brands Advocacy Malaysia (RTBA Malaysia) believes the government stands to gain an estimated tax revenue of more than RM300 million if appropriate vape regulations are introduced. RTBA managing director Datuk Fazli Nordin said Malaysia has an opportunity to expand its revenue stream in this growing market. “There is potential revenue of more than RM300 million for the government should the taxation framework include vape e-liquids with nicotine which is an option for new sources of revenue. “The vape market is long established in Malaysia and there are already over one million consumers using the products. This is an untapped sector that the government can immediately gain revenue this year by expanding the taxation framework,” he said.”
ARTICLE LINK: Tax revenue of RM300m possible if vape is regulated — RTBA Malaysia
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