• October 9, 2024

E-cigs attracting excise

 E-cigs attracting excise

Indonesia is due to impose an excise tax of 57 percent on certain e-liquids from July 1, according to a story by Tabita Diela for Reuters.
The tax is reportedly being imposed as part of efforts to curb tobacco-product consumption.
Sunaryo, an official with the Customs and Excise Office, was quoted as saying the e-liquid excise tax would be introduced as an expansion of the current excise tax rules governing tobacco products.
Tobacco accounts for the bulk of Indonesia’s excise taxes, which comprise a significant source of government revenue.
Sunaryo apparently said the new excise tax would apply only to e-liquids that contained “traces of tobacco plants”.
There are about 300 ‘unsupervised’ e-liquid makers in Indonesia, producing various liquids to supply more than 4,000 vape stores and 900,000 vapers, the customs office estimates.