According to Chronicle, the Zimbabwean government has imposed an excise tax of $0.50 per milliliter of vape oil as part of its efforts to regulate vape use and generate revenue. The move is intended to curb the growing trend of vape use, especially among teenagers, and to raise funds for public health projects.
The proposed excise tax will apply to all types of vapes, including vaporizer pens, vape oils and other related products.
The government believes that this measure will help reduce the appeal of vapes to minors and non-smokers, while encouraging users to switch to safer alternatives. Revenue generated from the excise tax will be used to fund public health projects, including anti-smoking campaigns, tobacco control measures, and research on the health effects of vapes.
In addition, the government plans to use part of the funds to support small and medium-sized tobacco companies affected by the rise of vapes.
The introduction of the excise tax is expected to take effect in the coming months after approval by relevant departments.
The government has also assured stakeholders that the implementation process will be gradual, allowing manufacturers, distributors and retailers to adapt to the new regulations.
Mthuli Ncube, Minister of Finance, Economic Development and Investment Promotion, said in the mid-term budget review on Thursday (25th),
“Regarding cigarettes, the government has decided to increase the excise tax on cigarettes to curb smoking behavior and reduce the health risks associated with tobacco use. In order to curb the negative externalities associated with vape consumption, I propose to impose an excise tax of $0.5 per milliliter on each vape oil.”
In the face of the latest move to impose excise taxes on vape oils, Veehoo vape Company is committed to working with relevant agencies, paying attention to and complying with relevant regulations to ensure the healthy development of the vape market and the public interest.
Veehoo vape believes that reasonable tax measures will help reduce the appeal of vapes to minors and non-smokers, while prompting users to seek safer alternative products.
As an vape manufacturer that adheres to the principles of compliance and responsibility, Veehoo will actively cooperate with the regulatory policies of local governments to ensure that products meet regulatory requirements. We will continue to provide safe and reliable vape products while supporting public health initiatives and tobacco control measures.
Veehoo vape calls on all parties in the global vape industry to work together to promote the sustainable development of the vape market and protect the health and rights of consumers. We will continue to invest resources and energy to promote the vape industry in a healthier, more transparent and sustainable direction, and provide consumers with better choices and experiences.
By complying with regulations, paying attention to government policies and promoting industry cooperation, Veehoo vape will continue to play an active role and contribute to building a healthy and safe vape market. We look forward to working together with all stakeholders to create a more sustainable and prosperous vape market.
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