Excise Tax Increases

The South African National Budget for 2020 was tabled by the Minister of Finance, the Honourable Minister Tito Mboweni.

It is pleasing to note that the Minister has moderated increases, aligning those adjustments with inflation.

In summary, the minister announced the following increases in excise taxes:

Unfortified Wine 4.4%
Fortified Wine 4.4%
Sparkling Wine 6.0%
Spirits 4.4%
Malt Beer, Ciders and AFB’s 4.4%

 

Our spokesperson, Mr. Sibani Mngadi was interviewed on SABC to discuss the excise increases. Please see the video of Sibani’s interview below.