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Excise duties on #wine and tobacco go up – #Namibia

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Consumers of wine, spirits, cigarettes and ciders will have to fork out more for their favourite products after government announced that excise duties on the products have gone up with effect from 23 February in line with a SACU agreement. Presenting her budget speech in parliament this week, Finance Minister Saara Kuugongelwa-Amadhila announced that excise duties on unfortified wines, fortified wine, sparkling wine, ciders, spirits, cigarettes, cigarette tobacco, pipe tobacco and cigars have go up by between 6% and 10.37% effective midnight of 23 February. Kuugongelwa-Amadhila said the excise duties are being applied within the Common Customs Area of SACU based on a decision by SACU ministers of finance. She added that the increase in the rates are informed by health considerations, international benchmarks on the tax burdens for such products, and pricing information collected from industry stakeholders.

 

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