Parliament is set to debate the merits of a new proposal  to instate massive hikes to the duties on alcohol products in New Zealand. Last week a new supplementary order paper was introduced by Green Party MP Kevin Hague for the Alcohol Reform Bill currently in front of parliament, proposing to raise all excise duties [...]

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Parliament is set to debate the merits of a new proposal  to instate massive hikes to the duties on alcohol products in New Zealand. Last week a new supplementary order paper was introduced by Green Party MP Kevin Hague for the Alcohol Reform Bill currently in front of parliament, proposing to raise all excise duties on alcohol by an extra 50 percent. The proposed 50 percent increase to the excises is based on a recommendation published a in a review of alcohol laws ... Read More

Excise taxes levied on the sale of tobacco currently bring in more revenue for the government than its holdings of state assets. On July 2nd the New Zealand arm of British American Tobacco (BAT) released its financial statements for the previous financial year, showing that the company paid more in excise taxes than the government [...]

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Excise taxes levied on the sale of tobacco currently bring in more revenue for the government than its holdings of state assets. On July 2nd the New Zealand arm of British American Tobacco (BAT) released its financial statements for the previous financial year, showing that the company paid more in excise taxes than the government receives in dividends from all of its state-owned enterprises. According to the statements, the company paid out in excess of NZD 801.2 million in excises taxes for the ... Read More

Taxes on cigarettes have once again gone up, as part of the government’s three planned rate hikes. As of January 1st the excise tax on cigarettes and tobacco has been increased, in a move that the government claims will lead to more people quitting smoking. The excise taxes rose by 14.6 percent on all tobacco [...]

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Taxes on cigarettes have once again gone up, as part of the government’s three planned rate hikes. As of January 1st the excise tax on cigarettes and tobacco has been increased, in a move that the government claims will lead to more people quitting smoking. The excise taxes rose by 14.6 percent on all tobacco products. The tax can only be applied to new products purchased by merchants after January 1st. However, the Consumer institute has already received several complaints, alleging that retailers are ... Read More

Winery operators are set to cheer a new move by the government, aimed at easing tax compliance rules for more than 350 wineries around the country. On June 2nd the Economic Development Minister David Carter and Customs Minister Maurice Williamson announced a set of upcoming changes aimed at easing compliance requirements for the payment of [...]

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Winery operators are set to cheer a new move by the government, aimed at easing tax compliance rules for more than 350 wineries around the country. On June 2nd the Economic Development Minister David Carter and Customs Minister Maurice Williamson announced a set of upcoming changes aimed at easing compliance requirements for the payment of excise taxes by New Zealand wineries. From July 1st 2011, the threshold for the payment of excise taxes will be increased tenfold, meaning that a greater number of wineries ... Read More