China To Impose Consumption Tax On E-Cigarettes From November
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A tax rate of 36% will be placed on production and import
China’s Ministry of Finance will impose a consumption tax on e-cigarettes from Nov. 1, according to a notice published on Tuesday.
A tax rate of 36% will be placed on the production or import of e-cigarettes, while an 11% tax will be placed on the wholesale distribution of e-cigarettes.
The taxation policy will further entrench China’s once-scattered e-cigarette industry into the state-backed tobacco monopoly, a major generator of tax revenue.
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