Excise Tax increase
April 28, 2017
In line with the budget 2017 announcement pertaining to the increase in Excise tax on petroleum products, alcoholic products (below 16% alcoholic volume) and tobacco, the Ministry of Finance, Trade and Economic Planning would like to inform the general public that the gazetting of the Regulations will take place on the 28th April of 2017.
An Excise Tax of 50 cents per litre has been imposed on petroleum products. It is however to be noted that existing concessions will remain applicable.
A 10% increase in Excise tax on all alcoholic products with an alcohol content of less than 16 percent.
A 10 percent increase in Excise Tax on tobacco products.
|
Column 1 |
Column 2 |
Column 3 |
|
Description of Excisable Goods |
Old Excise Tax Rate |
New Excise Tax Rate |
|
Beer made from malt. |
SCR 19.07/1 |
SCR 20.98/1 |
|
Stout |
SCR 13.77/1 |
SCR 15.15/1 |
|
Sparkling Wine |
SCR 40/1 |
SCR 44/1 |
|
Other wine; grape must with fermentation prevented or arrested by the addition of alcohol. |
SCR 40/1 |
SCR 44/1 |
|
Vermouth and other wine of fresh grapes flavor with plants or aromatic substances. |
SCR 40/1 |
SCR 44/1 |
|
Other fermented beverages (for example, cider, perry, mead): mixtures of fermented beverages and non-alcoholic beverages, not elsewhere specified or included. |
SCR 22.27/1 |
SCR 24.50/1 |
|
Alcopops having alcohol strength exceeding 0.5% but not exceeding 16% vol. |
SCR 22.27/1 |
SCR 24.50/1 |
|
Cigars, cheroots and cigarillos, containing tobacco |
50% |
55% |
|
Cigarette containing tobacco |
SCR 606 Per 200 cigarettes |
SCR 667 Per 200 cigarettes |
|
Other |
50% |
55% |
|
Smoking tobacco, whether or not containing tobacco substitutes in any proportion |
50% |
55% |
|
“homogenized” or “Reconstituted” tobacco |
50% |
55% |
|
Other |
50% |
55% |
|
Motor spirit (gasoline, Mogas MSP) |
SCR8/1 |
SCR 8.5./1 |
|
Illuminating kerosene (IK) |
SCR 8/1 |
SCR 8.5./1 |
|
Gas oil (Diesel Oil) |
SCR 8/1 |
SCR 8.5./1 |
|
Fuel oils (furnace oil) |
SCR 3.5/1 |
SCR 4/1 |