Apart from booze and smokes, higher 'sin taxes' will also affect those who splurge on flashy cars
Smokers will have to cough up 80 cents more for a packet of cigarettes, Finance Minister Pravin Gordhan announced in his Budget on Wednesday.
Drinkers did not escape the inevitable increase in excise duties either, and a can of beer will cost them 6.4 cents more, a bottle of wine 13.5 cents and a bottle of sprits R2.86, he said.
Higher so-called “sin taxes” will also affect those who splurge on flashy cars.
From Wednesday, the ad valorem excise tax on cars that cost more than R900,000 will increase by 5% to 25%.
For more modest vehicles, the rate will remain unchanged.
Paying for our sins
Apart from booze and smokes, higher 'sin taxes' will also affect those who splurge on flashy cars
Smokers will have to cough up 80 cents more for a packet of cigarettes, Finance Minister Pravin Gordhan announced in his Budget on Wednesday.
Drinkers did not escape the inevitable increase in excise duties either, and a can of beer will cost them 6.4 cents more, a bottle of wine 13.5 cents and a bottle of sprits R2.86, he said.
Higher so-called “sin taxes” will also affect those who splurge on flashy cars.
From Wednesday, the ad valorem excise tax on cars that cost more than R900,000 will increase by 5% to 25%.
For more modest vehicles, the rate will remain unchanged.
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