The annual adjustment to the excise and excise-equivalent duty rates on alcoholic beverages will take place on 1 July 2018.
The annual adjustment is based on movements in the Consumer Price Index less credit services subgroup over the 12-month period up to 31 March 2018.
The new rates are those set out in the Excise and Excise-equivalent Duties Table (Alcoholic Beverages Indexation) Amendment Order 2018.
The rates are summarised as:
|
Current excise rate to 30 June 2018 |
New excise rate (GST excl) from 1 July 2018 |
| 43.573 cents per litre of beverage | 44.140 cents per litre of beverage |
| $29.054 per litre of alcohol | $29.432 per litre of alcohol |
| $2.3243 per litre of beverage | $2.3545 per litre of beverage |
| $2.9054 per litre of beverage | $2.9432 per litre of beverage |
| $52.916 per litre of alcohol | $53.605 per litre of alcohol |
Alcohol products removed from a licensed manufacturing area or imported after midnight on 30 June 2018 will be subject to the new rates.
