Singapore Raises Tobacco Excise Duty by 15%

Budget 2023 Measure Aims to Discourage Tobacco Consumption and Promote Public Health

In a move to discourage tobacco use, Finance Minister Lawrence Wong announced during his Budget 2023 speech that the Singapore government will increase the excise duty on all tobacco products by 15% starting from Tuesday, February 14. The excise duty, which is levied on goods manufactured in or imported into Singapore, was last raised in 2018 when it went up by 10% on cigarettes and other tobacco products.

Additional Revenue and Health Benefits

The 15% increase in tobacco excise duty is expected to generate approximately S$100 million in additional revenue annually for the government. More importantly, this measure aims to reduce tobacco consumption and promote public health by making tobacco products less affordable.

Consistent Efforts to Reduce Tobacco Use

Over the years, the Singapore government has implemented various measures to curb tobacco use. These initiatives include:

Mandating standardized packaging and enhanced graphic health warnings for all tobacco products sold in Singapore
Raising the minimum legal age for smoking from 19 years in 2019 to 21 years in January 2021

The latest increase in tobacco excise duty demonstrates the government’s ongoing commitment to creating a smoke-free society and improving the health of its citizens.

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Matthew Ma

Marketing at Ecigator

With over a decade of experience in the e-cigarette industry, Matthew Ma is a seasoned expert in both the manufacturing and usage aspects of vaping products. His extensive background has provided him with a deep understanding of the intricacies and evolving dynamics of e-cigarettes.