China to impose consumption tax on e-cigarettes starting Nov

By: Reuters - 2 years ago

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SHANGHAI – China’s Ministry of Finance will impose a consumption tax on e-cigarettes sold in China from Nov. 1, according to a notice published on Tuesday.

The taxation policy will further entrench China’s once-scattered e-cigarette industry into the country’s state-backed tobacco monopoly, a major generator of tax revenue for the country.

According to the Ministry of Finance, a tax rate of 36 percent will be placed on the production or import of e-cigarettes, while an 11-percent tax will be placed on the wholesale distribution of e-cigarettes.

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