Proposed 'proportional' tax on tobacco products
February 27, 2025 by youtube.com
Proposed 'proportional' tax on tobacco products
As South Africa awaits the 2025 Budget Speech, tobacco product producers prepare to hear tax-related pronouncements on their industry. Vape producers and distributors are pressing for, what they say, is the need for a balanced approach to tobacco taxation. They say policymakers should consider using taxation to influence behavior and tax tobacco products in proportion to their harm. Co-Founder at Vaping Saved My Life, Kurt Yeo, joins us for more.
20.30% of the adult population are current smokers. There are approximately 8.6 million current smokers in South Africa 35.10% of men are current smokers but only 6.50% of women.
SOURCE: GSTHR
