china cigarette price increase 2026 Prime Minister Lawrence Wong announced a 20 per cent in tobacco excise duty, across all tobacco products, in his Budget Speech of 2026. This will take place with effect from today (Feb. 12, 2026) Budget 2026 tightens the screws

Budget 2026 tightens the screws on tobacco. Higher GST, a steep jump in NCCD, and a shift to retail pricelinked excise mean higher prices and rising pressure on margins. With total tax incidence cigarette prices in are rising 40% China E cigarette and Vape Market Insights Forecasts to 2035 China Is Hopelessly Tied at the Hip to Cigarettes, as Tobacco Sales Continue to Increase

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