Chinese Tobacco Industry Achieves Record Tax and Revenue in 2023

Market by 2FIRSTS.ai
Mar.06.2024
Chinese Tobacco Industry Achieves Record Tax and Revenue in 2023
Tobacco industry in 2023 achieves record-high business tax revenue of 152.17 billion yuan, contributing to economic stability and growth.

In 2023, the tobacco industry reported a total industrial and commercial tax revenue of 1.5217 trillion yuan, an increase of 5.6% compared to the previous year. It also achieved a total fiscal revenue of 1.5028 trillion yuan, with a year-on-year increase of 4.3%. Both the tax revenue and fiscal revenue reached historical highs, making a positive contribution to stabilizing the overall economy, ensuring increased revenue for the national and local governments, and promoting economic and social development.

Chinese Tobacco Industry Achieves Record Tax and Revenue in 2023
Image source: Oriental Tobacco News

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Pittsburgh officials consider new restrictions on e-cigarette shops to protect children and communities
Pittsburgh officials consider new restrictions on e-cigarette shops to protect children and communities
Pittsburgh officials consider new restrictions for e-cigarette shops, aiming to protect children and community from nicotine and CBD products.
Sep.17 by 2FIRSTS.ai
Exclusive 2Firsts Contribution | Dr. Ziauddin Islam: Smoke-Free Pakistan — Dream or Reality?
Exclusive 2Firsts Contribution | Dr. Ziauddin Islam: Smoke-Free Pakistan — Dream or Reality?
This article, contributed by Dr. Ziauddin Islam, public health professional and former Focal Person of Pakistan to the WHO FCTC, reflects on Sweden’s achievement as the first “smoke free” nation. He argues Pakistan can learn from Sweden’s strict policies and harm reduction strategy, urging stronger enforcement, public awareness, and adoption of reduced-risk products to move toward a smoke free future.
Sep.01
Customs Officers Seize Large Shipment of Illegal Chinese Vapes in Sofia, Bulgaria
Customs Officers Seize Large Shipment of Illegal Chinese Vapes in Sofia, Bulgaria
Authorities in Sofia have seized 2,800 illegal disposable vapes, each containing 15ml of liquid—a total of 42,000ml—during an inspection at a logistics warehouse. The products, imported from China and disguised as waterproof sprays, far exceeded legal limits under Bulgarian law.
Aug.22 by 2FIRSTS.ai
Vietnam's tobacco tax reform receives WHO award, projected to boost annual revenue by $900 million
Vietnam's tobacco tax reform receives WHO award, projected to boost annual revenue by $900 million
The WHO Western Pacific Regional Director recently presented the WHO Global Award to Vietnamese Minister of Health Đào Hồng Lan. The tax reforms in the newly revised 2025 Special Consumption Tax Law will enable 2.1 million people in Vietnam to quit or not start smoking by 2031, and will also generate an additional VND24 trillion (US$910 million) in annual state revenue.
Sep.28
Products | Bluetooth Headphone Vapes Spark Discussion as Airmez Launches New 120,000-Puff Product in the U.S.
Products | Bluetooth Headphone Vapes Spark Discussion as Airmez Launches New 120,000-Puff Product in the U.S.
E-cigarette brand Airmez recently launched two new high-puff-count products in the U.S. market, offering up to 120,000 puffs. The brand previously gained market attention for a product with a built-in Bluetooth headset. This article will outline the specifications of Airmez's two new products and review the social media buzz and user feedback on its built-in headset product.
Aug.22 by 2FIRSTS.ai
Bhutan Implements New Tax Framework to Combat Non-Communicable Diseases and Reduce Alcohol and Tobacco Consumption
Bhutan Implements New Tax Framework to Combat Non-Communicable Diseases and Reduce Alcohol and Tobacco Consumption
New tax framework aimed at reducing alcohol and tobacco consumption to tackle rising non-communicable diseases crisis in Bhutan.
Sep.04 by 2FIRSTS.ai