New smoking tax hitting South Africa next month
From 1 June 2023, nicotine-substitute solutions, including vaping products, will be included in the tax net with a flat excise duty rate of R2.90/ml. Excise duty on vaping tobacco products has been in the pipeline for a while – the tax was first announced in finance minister Enoch Godongwana’s 2022 budget speech. The South African Revenue...