{"id":217437,"date":"2022-02-23T14:56:13","date_gmt":"2022-02-23T12:56:13","guid":{"rendered":"https:\/\/www.myza.co.za\/new-vape-tax-from-january-2023\/"},"modified":"2022-02-23T14:56:13","modified_gmt":"2022-02-23T12:56:13","slug":"new-vape-tax-from-january-2023","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/new-vape-tax-from-january-2023\/","title":{"rendered":"New vape tax from January 2023"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.sanews.gov.za\/sites\/default\/files\/2012\/images\/newsstorytemplate\/202202\/vaping.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Finance Minister Enoch Godongwana says government will introduce a new tax of R2.90 on vaping products from January next year.<\/p>\n<p>The Minister also announced on Wednesday that excise duties on alcohol and tobacco will increase by between 4.5% and 6.5%.<\/p>\n<p>Godongwana tabled his maiden Budget Speech before a sitting of Parliament on Wednesday.<\/p>\n<p>\u201cGovernment also proposes to introduce a new tax on vaping products of at least R2.90 per millilitre from 1 January 2023. A new tax will also be introduced on beer powders,\u201d he said.<\/p>\n<p>In its Budget Review document, National Treasury said following public consultations, government proposes to apply a flat excise duty rate of at least R2.90 per millilitre to both nicotine and non\u2010nicotine solutions.<\/p>\n<p>\u201cThe proposal will be included in the 2022 Taxation Laws Amendment Bill for further consultation before being introduced from 1 January 2023.\u201d<\/p>\n<p>Treasury said the current excise duty regime applies a flat excise rate for traditional African beer powder of 34.7c\/kg.<\/p>\n<p>\u201cThere are similar products in the market. In the interest of equity, these products will be included in the tax net with an excise equivalent to the powder rate from 1 October 2022.\u201d<\/p>\n<p>The Minister said excise duties on alcohol and tobacco will increase by between 4.5 and 6.5 %. The increases mean that as from today:<\/p>\n<p>\u2022 a 340ml can of beer or cider will cost 11c more;<\/p>\n<p>\u2022 a 750ml bottle of wine will be 17c more expensive;<\/p>\n<p>\u2022 a bottle of sparkling wine will cost an additional 76c;<\/p>\n<p>\u2022 a bottle of spirits will be R4.83 more expensive;<\/p>\n<p>\u2022 a packet of cigarettes will cost an additional R1.03;<\/p>\n<p>\u2022 25 grams of piped tobacco will cost an extra 37c; and<\/p>\n<p>\u2022 a 23 gram cigar will be R6.77 more expensive. \u2013&nbsp;<strong>SAnews.gov.za<\/strong>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Enoch Godongwana says government will introduce a new tax of R2.90 on vaping products from January next year. The Minister also announced on Wednesday that excise duties on alcohol and tobacco will increase by between 4.5% and 6.5%. Godongwana tabled his maiden Budget Speech before a sitting of Parliament on Wednesday. \u201cGovernment also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":217438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-217437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/02\/new-vape-tax-from-january-2023.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/217437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=217437"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/217437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/217438"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=217437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=217437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=217437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}