tabacco tax tagged posts
June 25, 2012 New Zealand Taxation
Calls have been made to further raise cigarette taxes and ban duty-free allowances on tobacco products for travelers in order to reduce the number of smokers in the country, to cut down activity on the black market and to raise government tax revenues.
Over the last week several health groups stepped forward to make a joint public submission on the Customs and Excise (Tobacco Products – Budget Measures) Amendment Bill, which introduces the tobacco taxes announced by the government in the recent budget. The groups called on the government to scrap all duty-free allowance on cigarettes for travelers coming into New Zealand.
The participating health groups include the Royal Australasian College of Physicians, the Cardiac Society of Australia and New Zealand, the Heart Foundation, Maori Medic...Read More
May 3, 2012 New Zealand Taxation
The Maori Party is campaigning for the government to announce even further increases to tobacco taxes in the Budget announcement later this month.
Earlier this week, on May 2nd, the co-leader of the Maori Party Tariana Turia said that her party will continue to push for increases to excise taxes on cigarettes, saying that “…we know that excise has been the best way, to date, at preventing the uptake. It’s worked extremely well.” She suggested that the government should instate further hikes to taxes on cigarettes later this month.
Tariana Turia is pushing for New Zealand to become a smoke free country by 2025, and claims that raising excise taxes would be an appropriate step to reach the goal...Read More
April 25, 2012 New Zealand Taxation
The Ministry of Health is mulling the feasibility of further increasing taxes on tobacco products, which will raise the shelf price of cigarettes by more than 5 times.
On April 23rd the Ministry of Health presented a working paper regarding taxation of cigarettes, in which the Ministry suggested that the government could increase the taxes on tobacco products to hike the price of cigarettes to NZD 60 by the end of next year, and instate a further 10 percent increase each year. If implemented, the move would see an average pack of cigarettes cost upwards of NZD 100 by the end of 2020.
According to the Ministry, such a large hike in taxes would make a significant positive contribution to the government’s own goal of eliminating the occurrence of smoking in the country by 2025.
The Prime Mi...Read More
April 28, 2010 New Zealand Taxation
The New Zealand Government has passed a new law raising national excise taxes on cigarettes and tobacco, with additional increases planned for the next three years.
On April 28th the New Zealand Government announced the passing of laws immediately increasing excises taxes on cigarettes and loose tobacco. From April 29th, the excise duties on cigarettes rose by 10 percent, and 24 percent for loose tobacco sales. A further 10 percent increase is scheduled for all tobacco products on January 1st 2011 and January 1st 2012. Under the immediate change, one kilogram of loose tobacco faces excise taxes of NZD 492.86. According to Government estimates, the changes will yield approximately NZD 205 million annually in extra collections.
Tariana Turia, Associate Health Minister of New Zealand, announc...Read More