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Rabat – Morocco is set to increase customs duties on e-cigarettes under the new 2024 budget.
The import duties would be applicable to disposable electronic cigarettes from 2.5% to 40%, according to the presentation note for this project.
The increase aims to apply the same import duty rate to disposable electronic cigarettes as that applied to other electronic cigarettes for the fiscal year 2023, as stated in the note published on the Ministry of Economy and Finance website.
The draft budget also proposes to increase the import duty rate for certain consumer products and equipment from 2.5% to 30%.
The increase will extend to small electric devices such as razors and electric clippers, hairdryers, hand dryers, irons, microwave ovens, as well as consumer electronics, including smartphones.
According to the presentation note, the measure will “strengthen the protection of local production of these products and equipment and promote the establishment of production units in Morocco.”
The budget will also see an increase in the import duty rate applicable to several types of hot-rolled and cold-rolled, plated, or coated sheets, reaching 17.5%.
The objective is to protect the domestic steel industry at a time when the international market is marked by overproduction, which is exerting downward pressure on import prices.
Read Also: Price of Tobacco-Based Products to Increase under New Tax
