tobacco taxation tagged posts

NZ Will Review Smoking Taxes

March 16, 2018 Taxation in New Zealand

taxes on smokingWELLINGTON – Taxes on cigarettes may be leading to inequality and increased rates of crime in New Zealand.

The government of New Zealand has announced that it will review the impact that taxes on tobacco have had on the country, as there are some indications that the measures have not all proven to be good.

Tobacco taxes in New Zealand have consistently risen by 10 percent in January for a number of years.

The hikes are intended to be the main pillar of the government’s smoke-free 2025 policy.

More tax hikes are already scheduled to be enacted up until 2020.

The government will now review what impact the tax hikes have had on the country, and to what extent have the hikes encouraged smokers to quit.

The review will also look at what financial impact smoking has had on smokers and socie...

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Oman Doubles Down on Cigarette Taxes

February 12, 2018 Taxation in Oman

Cigarette taxesMUSCAT – Oman is using cigarette taxes as a main point in their plan to fight non-communicable diseases.

Over the weekend the government of Oman launched their new National Policy and Multi-Sectoral Plan on Prevention and Control of Non-Communicable Diseases, which includes hefty hikes to the rates of tax levied on the sale of tobacco.

The rate of tax on the sale of cigarettes will now be doubled, in an effort to curb the rate of smoking in the country, and, subsequently, the occurrences of smoking-related illness.

The rate of tax on cigarettes was OMR 0.4, which was set in 2016, following 17 years of unwavering tax levels.

It is estimated that approximately 14 percent of men in Oman smoke, while the rate of smoking among women is approximately 0.5 percent.

Along with the tax hike, the...

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Cigarette Taxes Fluctuate Widely Across USA

January 26, 2018 Taxation in USA

cigarette taxWASHINGTON D.C. – The taxes on cigarettes range widely across the USA, and the differences may be leading to smuggling.

The Tax Foundation has released the results of their new research showing the range of taxes applied across different states in the USA on the sale of cigarettes.

All cigarettes sold in the USA are subject to a state tax and a federal tax.

The federal tax for a 20-pack of cigarettes is USD 1.0066, regardless of where it is sold.

However, the taxes levied by each individual state authority varies widely.

New York state and Connecticut levy the highest rate of tax, at USD 4.35 per pack, followed by Rhode Island, Massachusetts, and Hawaii, at USD 4.25, USD 3.51, and USD 3.20 respectively.

Conversely, North Dakota, Georgia, and Virginia have the lowest tax rates at USD 0...

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Vaping To Be Taxed More in Indonesia

January 13, 2018 Taxation in Indonesia

VapingJAKARTA – Vaping may make way for smoking in Indonesia, if consumers find tax burdens too high.

According to a new announcement from the government of Indonesia, the sale of e-cigarettes in the country will now be subject a significant new tax.

From July 1st 2018 e-cigarettes sold in Indonesia will face a tax of 57 percent.

Supporters of e-cigarettes, or vapes, have claimed that the rate of the tax is too high, and that the new measure will reduce demand for the tobacco alternative.

It has even been claimed that the relative increase in the price of the e-cigarettes will lead to a greater uptake of traditional tobacco products.

However, Heru Pambudi, the head of Customs of Indonesia, has said that the government fully considered the impact of the tax before making the decision to enact th...

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Cigarette Taxes Hiked in NZ

January 5, 2018 Taxation in New Zealand

Cigarette taxes in NZWELLINGTON – The prices of cigarettes in New Zealand have risen by 60 percent since 2012, and the trend is not set to stop anytime soon.

On January 1st the price of cigarettes in New Zealand rose, as another tranche of tax hikes hit tobacco products sold in the country.

The new hike raised the tax levied on the sale of tobacco products by 10 percent.

The tax hike is not an isolated measure, but the second round of four planned annual tax hikes.

It is estimated that following the tax hike, the price of an average pack of cigarettes will now be between NZD 27 and NZD 30 per pack.

The New Zealand Treasury believes that the 10 percent increase in the tax rate will lead to a reduction in tobacco consumption levels of up to 5 percent, and a subsequent 2...

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