Finance Minister Enoch Godongwana has proposed a 4.9% increase in excise duties on alcohol and tobacco, in line with expected inflation. Godongwana was tabling the 2023 Budget in Cape Town’s City Hall on Wednesday.
The excise duty on a 340ml can of beer to increase by 10 cents, a 750ml bottle of wine will be increased by 18 cents, a 750ml bottle of spirits will be increased by R3.90, a 23g cigar will be increased by R5.47, and the excise duty on a pack of 20 cigarettes will increase by 98 cents.
Source: www.sabcnews.com
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