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Korea To Hike Tax On E-Cigarettes

by Mary Swire, Tax-News.com, Hong Kong

31 October 2017


Korea is set to increase the tax on e-cigarettes from 50 to 90 percent following approval from the National Assembly's Strategy and Finance Committee.

The hike would be effective as early as December 2017.

The legislation, in the form of a revision bill to the current tobacco tax code, now awaits approval from Parliament in the next plenary.

The move follows the introduction of a significantly higher minimum price for traditional tobacco products in Korea and the introduction of smoking bans in public places.

TAGS: Finance | tax | legislation | Korea, South

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