China to impose taxes on e-cigarette industry

Beijing, Oct 26 (Prensa Latina)Begining on November, China will impose taxes on productions, exports, and distributions of electronic cigarettes (e-cigarettes) so as to control the consumption of the product, in growing boom among young people, according to monday´s press release.

October 26, 2022
13:31

According to the country’s major newspapers, the Government will impose a tax rate of 36 percent for its production and export, while wholesale business it will be 11 percent.

It is a joint measure of three state departments and the most recent step taken by China to establish an order to develop an industry that grew up to 36 percent in 2021 and generated profits of more than 27 billion dollars.

China, the world’s leading producer and exporter of e-cigarettes, earlier this month, has put in place strong regulations and mandatory standards in the sector..

China has also been promoting since 2021, among the smoking population, not to appeal to these devices as an alternative while trying to give up the habit, which causes about one million deaths every year.

Experts have criticized that promoting e-cigarettes leads to smoking, especially among young people, and several studies have shown that 70 percent of pre-university students in China use them.

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