Singapore Raises Tobacco Excise Duty by 15% to Curb Consumption 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
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This is due to increased smoking bans, heightened awareness of the dangers associated with cigarette consumption, cheaper cost and convenience
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