Budget 2021: E-Cigarettes And Vape Liquids To Be Taxed; No More Tax-Free Cigarettes In Duty-Free Islands
Author Avatar

From 2021, the government will begin imposing a 10% excise duty on all cigarette products, both electronic and non-electronic. In addition, vape liquids will also be imposed an excise duty of 40 sen per milliliter.

On top of that, Finance Minister Tengku Zafrul Abdul Aziz also revealed that cigarettes and tobacco products sold in duty-free islands (Langkawi, Labuan, Tioman, and Pangkor) will also be full-priced. This means the only spots to purchase them duty-free will be at airports, where there is a purchase limit per customer.

This excise duty was announced during the tabling of Budget 2021. The move was a way to increase the country’s income and sustain the expansionary Budget, which is the largest in Malaysia’s history.

Stay up to date with our Budget 2021 coverage here.

0 0 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of

0 Comments
Inline Feedbacks
View all comments
Top Budget 2021 Articles
Post Image
The Government Is Offering RM200 Rebate On Energy Efficient Appliances – Claim It Now On Shopee
Jacie Tan
- 4th January 2021
The SAVE 2.0 programme, which allows Malaysians to claim RM200 vouchers to use on purchases of energy-efficient air […]
Post Image
Budget 2021: Tax Relief For SSPN, PRS Savings Extended
Jacie Tan
- 6th November 2020
Finance Minister Tengku Zafrul Aziz has announced that extension of two tax reliefs in particular: for Skim Simpanan […]
Post Image
Budget 2021: EPF Akaun 2 Withdrawals Allowed For Life, Critical Insurance Plans
Jacie Tan
- 6th November 2020
The Employees Provident Fund (EPF) will now allow members to make withdrawals from Akaun 2 for the purpose […]
Post Image
Income Tax Initiatives Introduced In Budget 2021
Jacie Tan
- 9th November 2020
The proposed national Budget for the year 2021 contained a number of interesting income tax initiatives that you […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image