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The annual adjustment to the excise and excise-equivalent duty rates on alcoholic beverages will take place on 1 July 2014. The annual adjustment is based on movements in the “Consumers Price Index All groups, excluding credit services” over the 12-month period to 31 March 2014.
The new rates are those set out in the Excise and Excise-equivalent Duties Table (Alcoholic Beverages Indexation) Amendment Order 2014. The rates (in NZ$) are summarised as:
Alcohol products removed from a licensed manufacturing area or imported after midnight on 30 June 2014 will be subject to the new rates. For further information see the Types of duties, fees & charges section. |
