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Consumers of e-cigarettes will need to spend more on their habit as the government has imposed supplementary duties on the luxury product and similar personal electric vaporizing devices, its parts for the fiscal year 2023-24.
Finance Minister AHM Mustafa Kamal on Thursday said that 150% Supplementary Duty will be imposed on tobacco products including liquid nicotine, transdermal-use nicotine, etc at import stage to discourage usages as they are harmful to health.
“Electronic cigarettes and similar personal electric vaporizing devices are harmful to health. The duty rates of the complete goods and its parts are not the same. Therefore, to equalize the total tax incidence at import stage, I propose to increase the total tax incidence of parts to 212.20% to equalize it with the complete product,” he said.
