Thursday, August 12, 2010

British American Tobacco Berhad - Another Tax On Top Of Excise Duty? - 12/08/2010

Another tax? It was recently reported in the media that cigarette makers will have to pay half a sen for every stick sold as cess to the National Kenaf and Tobacco Board (NKTB) starting from next month. The cess is in addition to the customs duty and comes with the enforcement of the NKTB Act in April. We note that in the Act, there is no mention of the actual amount of cess to be paid per stick.

British American Tobacco Berhad - Another Tax On Top Of Excise Duty? - 12/08/2010

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