Finance Minister Tito Mboweni has announced an increase in sin taxes.
Delivering the annual budget speech in the National Assembly, Mboweni announced the following increases.
- A 340ml can of beer or cider will cost only an extra 8c
- A 750ml bottle of wine will cost an extra 14c
- A 750ml bottle of sparkling wine an extra 61c
- A bottle of 750 ml spirits, including whiskey, gin or vodka, will rise by R2.89
- A packet of 20 cigarettes will be an extra 74c
- A 25-gram of piped tobacco will cost 40c more
- A 23-gram cigar will cost an extra R6.73
Mboweni also announced a new excise duty on heated tobacco products to be taxed at rate of 75-percent of the cigarette excise rate.
The government also intends to tax electronic cigarettes in 2021.
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