Enoch Godongwana budget speech - hubbly bubbly tax
Minister Enoch Godongwana has introduced a tax on non-nicotine products. Image: Wikimedia Commons

Home » New smoking and vaping tax to be in effect from 1 June

New smoking and vaping tax to be in effect from 1 June

Nicotine-substitute solutions, including vaping products, will be included in the tax net with a flat excise duty rate of R2.90/ml from 1 June 2023. MUST READ | Rapists caught again: Second escapee now rearrested According to the South African Revenue Service (SARS) website, Minister of Finance Enoch Godongwana announced in the 2022 budget speech that excise duty on vaping tobacco products would be […]

By Hennely Nel
03-05-23 19:46
in Featured
Enoch Godongwana budget speech - hubbly bubbly tax
Minister Enoch Godongwana has introduced a tax on non-nicotine products. Image: Wikimedia Commons

Nicotine-substitute solutions, including vaping products, will be included in the tax net with a flat excise duty rate of R2.90/ml from 1 June 2023.

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According to the South African Revenue Service (SARS) website, Minister of Finance Enoch Godongwana announced in the 2022 budget speech that excise duty on vaping tobacco products would be introduced.

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The forms DA260 Excise Account for Tobacco Products in which the vaping products will be accounted for excise duty purposes were also amended accordingly to insert the vaping products.

 

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Manufacturers of these products are therefore required to apply for and obtain licenses for their manufacturing premises in respect of such products with SARS before 1 June 2023 and to submit their first excise duty account by 28 July 2023.

This article was originally published by Garrin Lambley.

Tags: new tax rules for vaping Nicotine-substitute solutions vaping vaping now taxed vaping products SA