| Higher excise duty on tobacco
4.31 Let me touch briefly on other tax changes. No
budget is complete without some mention of sin taxes.
Smoking contributes to nearly 2,500 deaths annually
in Singapore. To curb smoking especially among younger
Singaporeans, I have decided to further raise the excise
duties on all tobacco products with effect from today.
For instance, excise duty on cigarettes will go up from
$293 per 1,000 sticks to $352 per 1,000 sticks. The
new duties for tobacco products are at Annex
C. This rise in duties is expected to increase revenues
by $158 million.
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