The New Zealand Customs Service has announced that the annual adjustment to the excise and excise-equivalent duty rates on alcoholic beverages will take place on 1 July 2017. The annual adjustment is based on movements in the Consumer Price Index over the 12-month period prior to 31 March 2017.
The new rates are those set out in the Excise and Excise-equivalent Duties Table (Alcoholic Beverages Indexation) Amendment Order 2017.
The rates are summarised as:
|Current excise rate to 30 June 2017||New excise rate (GST excl.) from 1 July 2017|
|42.650 cents per litre of beverage||43.573 cents per litre of beverage|
|$28.438 per litre of alcohol||$29.054 per litre of alcohol|
|$2.2750 per litre of beverage||$2.3243 per litre of beverage|
|$2.8438 per litre of beverage||$2.9054 per litre of beverage|
|$51.795 per litre of alcohol||$52.916 per litre of alcohol|
Alcohol products removed from a licensed manufacturing area or imported after midnight on 30 June 2017 will be subject to the new rates.