New Zealand Drinkers Face Higher Bar Tabs as Alcohol Taxes Jump & More News Here

New Zealand drinkers could need to pay extra for his or her favourite tipple from subsequent month as brewers and winemakers grapple with the most important improve in excise tax in three a long time.

The levy utilized to alcoholic drinks will rise by 6.9% on July 1, the New Zealand Customs Service mentioned in an announcement on its web site. The tax is elevated yearly based mostly on actions within the Consumers Price Index. In the yr via March, the CPI rose 6.9% — probably the most in 32 years.

Beer and wine producers are aghast on the tax improve, saying it comes at a time when …

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