Friday, June 21, 2024
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Excise duty on tobacco and alcohol to increase

Domestic excise duty on tobacco and alcohol will be increased by 5 per cent in the new financial year.

Domestic excise duty on carbonated or sugar-sweetened beverage will be increased from 35 cents to 40 cents per litre.

Alcohol excise duty was reduced by 50 per cent during the COVID-19 pandemic.

A corresponding increase to the import excise on the above products will also be imposed.

Reginald Chandar
Reginald Chandar
Head of News & Sports |


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