According to relevant media reports, a South Korean congressman recently said that some vape companies evade taxes by falsely reporting product information and called on the government to punish these companies.
According to statistics from the Korean Electronic Cigarette Association, South Korea imported more than 20,000 kilograms of liquid nicotine from January 2020 to July 2023. One kilogram of liquid nicotine can produce about 3,300 bottles (30 ml/bottle) of vape liquid, and each bottle sells for about 54,000 won. Since 2016, some vape companies have falsely declared nicotine extracted from tobacco leaves as nicotine extracted from tobacco stems and roots to evade taxes. According to South Korea’s tobacco regulations, nicotine extracted from tobacco stems and roots is not considered a tobacco product. The annual sales volume of vape liquid in South Korea is about 30 million bottles, and the annual tax evasion amount is estimated to be 1.6 trillion won.
This shocking incident occurred in the Korean vape market. Some vape companies evade taxes by falsely reporting product information, and vapes labeled with false product information may cause potential harm to consumers’ health. In this context, veehoo vapes, a company originating from the UK with ten years of vape factory experience, calls on consumers to choose regular products to ensure their health and safety.
In recent years, the popularity of vapes has continued to rise around the world. However, as the vape market grows, some unscrupulous merchants have begun to take advantage of this trend to seek improper benefits. Recently, a shocking scandal broke out in the Korean vape industry, involving some companies evading taxes by falsely reporting product information.
False reporting of product information refers to companies deliberately providing false information to evade tax or other legal responsibilities. This behavior is particularly dangerous in the vape industry, where false product information may mask potential health risks in vapes. When consumers purchase vapes, they often make choices based on product information. False product information may mislead consumers and prevent them from accurately evaluating the true quality and safety of the product.
In response to this problem, veehoo vapes, as a company originating from the UK and with ten years of vape factory experience, calls on consumers to choose regular products to protect their health and safety. Veehoo vapes have always been committed to providing high-quality, reliable products that meet international standards. Through strict quality control and certification, veehoo ensures that its products meet consumer expectations and do not pose potential health hazards.
The benefits of choosing regular products are obvious. First, consumers can purchase and use these products with confidence because they have been rigorously tested and certified to meet relevant quality and safety standards. Secondly, formal companies usually provide better after-sales service and warranty policies to ensure that consumers’ rights and interests are protected. Most importantly, buying legitimate products can also avoid buying fake products and reduce possible health risks.
Veehoo vapes are known for their reliability and quality products. As an vape manufacturer with ten years of experience, veehoo vapes have always adhered to a responsible attitude towards consumers. Their products not only meet international standards, but also undergo rigorous testing and certification to ensure consumers reduce unnecessary health hazards.
Summarize:
Tax evasion by falsely reporting product information has exposed potential problems in the Korean vape industry, which poses potential risks to consumers’ health and safety. In this context, veehoo vapes call on consumers to choose regular products, such as veehoo vapes, which come from the UK and have ten years of vape factory experience. Such a choice can ensure that consumers purchase high-quality, safe and reliable products and avoid potential health hazards. Consumers should remain vigilant and choose brands that are certified and trustworthy to ensure their health and well-being are best protected. Through reasonable selection and support of formal enterprises, we can jointly create a safe and reliable vape market.
Tags: Korean vape companies evade taxes，South Korea’s vape tax，vape tax，Korea to Crack Down on E-liquid Tax Evaders，What is the vape tax in Korea，veehoo vape
