Significant excise tax increases proposed for alcohol
By Christian Eedes, 14 December 2024
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Government wants to address South Africa’s high alcohol consumption, the national treasury set to increase excise taxes on beer, spirits and wine – see here.
Non-profit industry organisation South Africa Wine fears that the increase in taxes will lead to economic hardship for producers and fuel the illicit alcohol trade – see relevant infographic here.
The Standing Committee on Finance has invited comment, the deadline originally set for 13 December 2024 but now extended to 14 February 2025. Emails to: 2024Alcoholreview@treasury.gov.za
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