Excise Tax Increase on Ciggies / Tobacco
Border Control Minister John Luxton, today announced a small
increase to the rates of excise duty on tobacco
"This normal annual adjustment to the rates,
based on the 1.105 percent increase in the Consumers Price
Index All Groups - Excluding Credit Services in the 12
months ending 30 September 1999, would add four cents in
excise duty to a packet of 20 cigarettes and 13 cents on a
50 gram packet of cut tobacco", Mr Luxton said.
excise rates, which come into force on 1 December, will
raise approximately an additional $6 million for Government
in a full year.
© Scoop Media
Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News
Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.
Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>