💨 Abstract

In the 2025/26 financial year, the South African government will increase excise duties on alcoholic beverages by 6.75% and tobacco products, including cigarettes, vaping devices, pipe tobacco, and cigars, by 4.75%. The changes aim to offset government spending and are subject to public consultations. Future adjustments will take effect from April 1st to ease administrative burdens.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖