n Tax Breaks Newsletter - Smokers, drinkers pay more : Budget 2014
|Article Title||Smokers, drinkers pay more : Budget 2014|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Mar 2014|
|Pages||4 - 5|
Smokers and drinkers will again pay duly for their guilty pleasures. Finance Minister Pravin Gordhan announced in his Budget speech that excise duties on alcoholic beverages and tobacco products will add 9 cents to the price of a 340 ml can of beer, and 68 cents to the price of a packet of 20 cigarettes. The price of whiskey will increase by R4.80 a bottle. These changes will take effect immediately.
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