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Excise tax on food with high content of fat and salt being pondered

Excise tax on food with high content of fat and salt being pondered

14 Sept 02:28 Key points summarised by AI
  • The Excise Department is considering imposing an excise tax on processed foods high in fat and/or salt to safeguard consumer health.
  • Manufacturers will be granted a grace period, potentially five years, to adjust ingredients, with lower taxes for reducing unhealthy content and regular rates for non-compliance; consumers are assured they will not be directly affected.
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