[Promoted] JT International South Africa (JTI) welcomes reasonable Tobacco Excise Tax Increase
At JTI we support the need for predictable and stable tobacco excise increases. We are furthermore conscious of our products being subjected to excise taxation on an annual basis by government.
“A much higher tax incidence on tobacco only fuels illegal tobacco trade and negatively impacts the legal tax paying players who comply with the laws of the country,” says Ahmad Ismail. Ismail further adds; “The 5 month-long ban on legal cigarette sales during COVID-19, resulted in a thriving illegal market, which cemented its distribution network; In 2022, we noted illicit cigarettes being sold commonly across the country for prices lower than the minimum collectable tax of R22,79/pack.”
This excise rate will allow the legal industry to stabilize the decline, however it is critical that government continues to combat the illegal industry.
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