Arab Today, arab today singapore raises duties on liquor tobacco betting
Last Updated : GMT 21:34:02
Arab Today, arab today
Arab Today, arab today

Singapore raises duties on liquor, tobacco, betting

Arab Today, arab today

Arab Today, arab today Singapore raises duties on liquor, tobacco, betting

Singapore - XINHUA

Singapore government will further increase liquor duties by 25 percent, and taxation on cigarettes and other tobacco products by 10 percent, with immediate effect, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced on Friday. Betting duties on lotteries will go up from 25 percent of gross bets to 30 percent. Tharman said that more people are smoking, especially young people aged between 18 and 29, and that the increase in the excise duties is in line with the government's social objective of avoiding excessive consumption or indulgence in these areas. The duties on cigarettes and manufactured tobacco products had not changed since 2005. The increase is also expected to result in additional revenue of about 70 million Singapore dollars (56 million U.S. dollars) a year for the government. The liquor duties were last effectively increased in 2004 to bring them in line with international obligations. The increase in excise duty rates this year is to keep pace with inflation. Tharman said the increase will bring an additional revenue gain of about 120 million Singapore dollars (95 million U.S. dollars) a year. The rise in betting duties will increase government revenue by 255 million Singapore dollars (202 million U.S. dollars) a year. The retail prices for liquors and tobacco products in Singapore have been in line with the standards in developed economies, partly thanks to heavy duties to discourage consumption. Singapore currently taxes liquors on the basis of alcoholic content rather than on the basis of volume. The duty rates for most of the liquors will be raised from 70 Singapore dollars per liter of alcohol to 88 Singapore dollars per liter. The rate of taxation on most of tobacco products went up by 10 percent to 352 Singapore dollars or 388 Singapore dollars per kilogram. (1 U.S. dollar =1.26 Singapore dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore raises duties on liquor tobacco betting Arab Today, arab today singapore raises duties on liquor tobacco betting

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore raises duties on liquor tobacco betting Arab Today, arab today singapore raises duties on liquor tobacco betting

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday