Singapore Increases Taxes on Cigars, Tobacco Products by 15 Percent
The prices of cigars in Singapore will increase thanks to increased taxes on all tobacco products.
On Tuesday, Lawrence Wong, the country’s deputy prime minister and finance minister, announced that the country would increase tobacco taxes by 15 percent as part of the government’s new budget.
Singapore taxes cigars by weight; the new tax will be SGD 49.1 cents per gram, up from SGD 42.7 cents per gram. Current exchange rates put the new tax at 36.73 cents USD per gram. Most cigars weigh about 13-20 grams, though large perfectos or big ring gauge cigars can weigh around 30 grams.
For context, the tax rate on cigarettes will now be SGD 49.1 cents per cigarette.
Charlie Minato
I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I have written about the cigar industry for more than a decade, covering everything from product launches to regulation to M&A. In addition, I handle a lot of the behind-the-scenes stuff here at halfwheel. I enjoy playing tennis, watching boxing, falling asleep to the Le Mans 24, wearing sweatshirts year-round and eating gyros. echte liebe.
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