New Zealand beer tax sees significant hike

Published 2023년 6월 2일

Tridge summary

The New Zealand government has announced a 6.65% increase in beer tax, which is the second largest rise in 30 years, adding an extra NZ$86m to the annual expenditure for New Zealanders, with beer drinkers accounting for NZ$28.9m of this total. The Brewers Association and Guild have expressed their concerns about the timing of the increase, which comes during a cost-of-living crisis, and have proposed that the government should consider freezing the excise tax to ease the tax burden on consumers and brewers. They also suggested that other countries have implemented tax relief measures to support small businesses, and warned that the significant tax increases could push smaller breweries towards bankruptcy.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The second largest beer tax increase in 30 years has been made by the New Zealand government in a move which is set to shake up the industry. The alcohol excise rate has been confirmed to increase by 6.65% after already suffering a 6.92 % hike in 2022. The decision, which according to recently released Government budget forecasts, will mean that the increase will cost New Zealanders an extra NZ$86m per year, including NZ$28.9m for beer drinkers. Brewers Association of New Zealand executive director Dylan Firth said: “The beer excise increase could not come at a worse time for brewers and consumers. With Kiwis facing a cost-of-living crisis, more tax is the last thing anyone needs.” Brewers Guild executive director Melanie Kees explained: “What that means is that when you next buy a 12 pack of beer, 50% of the price will be made up of tax through excise and goods and services tax.” Kees insisted that “the system which links annual excise increases to the Consumer Price Index is ...

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